Peering Into Pacific Biosciences's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pacific Biosciences (NYSE:PACB) has seen a 9.25% increase in its short percent of float, now at 26.09%. This indicates a bearish sentiment among investors, as it would take 7.87 days to cover short positions. The company's short interest is significantly higher than its peers, whose average is 6.60%.
August 08, 2024 | 3:30 pm
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Pacific Biosciences has experienced a 9.25% increase in short interest, now at 26.09% of its float. This suggests a bearish sentiment among investors, as it would take 7.87 days to cover short positions. The company's short interest is significantly higher than its peers' average of 6.60%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term, especially given that the short interest is much higher than its peers.
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