Looking Into Applied DNA Sciences's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied DNA Sciences (NYSE:APDN) has seen a 6.28% increase in short interest, with 6.94% of its float sold short. This is higher than its peers' average of 4.91%. The short interest indicates bearish sentiment but doesn't guarantee a price drop.
August 21, 2024 | 5:30 pm
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Applied DNA Sciences has experienced a 6.28% increase in short interest, now at 6.94% of its float, indicating bearish sentiment. This is higher than the peer average of 4.91%.
The increase in short interest suggests that investors are more bearish on APDN compared to its peers. This could lead to downward pressure on the stock price in the short term, although it is not a guarantee.
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