How Is The Market Feeling About Recursion Pharmaceuticals?
Portfolio Pulse from Benzinga Insights
Recursion Pharmaceuticals (NYSE:RXRX) has seen a 4.97% decrease in its short percent of float, now at 24.88%. This is higher than its peers' average of 12.91%. It would take traders 13.1 days to cover their short positions. A decrease in short interest can indicate a more bullish sentiment.
August 23, 2024 | 2:00 pm
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Recursion Pharmaceuticals has experienced a 4.97% decrease in short interest, now at 24.88% of float, which is higher than its peers' average. This could indicate a shift towards a more bullish market sentiment.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive sign for the stock's short-term price movement. Additionally, the short interest is still significantly higher than its peers, which could lead to a short squeeze if positive news emerges.
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