Looking Into Aditxt's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Aditxt (NYSE:ADTX) has seen a significant rise in short interest, with 20.12% of its float sold short, up 81.59% since the last report. This is much higher than its peers' average of 5.20%. The increase in short interest could indicate bearish sentiment but also presents potential for a short squeeze.
August 16, 2024 | 2:00 pm
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Aditxt's short interest has increased by 81.59%, now at 20.12% of its float. This is significantly higher than its peers' average of 5.20%, indicating bearish sentiment but also potential for a short squeeze.
The significant increase in short interest suggests bearish sentiment among investors. However, the high short interest also presents the potential for a short squeeze, which could lead to a rapid increase in stock price if short sellers are forced to cover their positions.
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IMPORTANCE 80
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