(SAVA) - Analyzing Cassava Sciences's Short Interest
Portfolio Pulse from Benzinga Insights
Cassava Sciences (NYSE:SAVA) has seen a 23.21% increase in its short percent of float, now at 35.89%. This indicates a bearish sentiment among investors. It would take traders 4.75 days to cover their short positions. Compared to its peers, Cassava Sciences has a significantly higher short interest.
August 02, 2024 | 4:15 pm
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Cassava Sciences has experienced a 23.21% increase in its short percent of float, now at 35.89%. This suggests a bearish sentiment among investors. It would take traders 4.75 days to cover their short positions. Compared to its peers, Cassava Sciences has a significantly higher short interest.
The significant increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The high short interest compared to peers further emphasizes this negative sentiment.
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