(VKTX) - Analyzing Viking Therapeutics's Short Interest
Portfolio Pulse from Benzinga Insights
Viking Therapeutics (NYSE:VKTX) has seen a 10.94% increase in its short percent of float, now at 20.48%. This is higher than its peers' average of 12.78%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
August 21, 2024 | 5:30 pm
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Viking Therapeutics has experienced a significant increase in short interest, now at 20.48% of its float, which is higher than its peers. This could indicate bearish sentiment, but doesn't necessarily predict a price drop.
The increase in short interest suggests that more investors are betting against Viking Therapeutics, which could indicate bearish sentiment. However, short interest alone doesn't predict price movements, as it can also lead to a short squeeze if the stock price rises.
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