Peering Into Vaxcyte's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Vaxcyte's short interest has decreased by 6.01%, with 11.50 million shares sold short, representing 11.88% of its float. This is higher than its peers' average short interest of 5.98%. It would take 14.65 days to cover these positions based on current trading volume.
August 27, 2024 | 1:15 pm
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NEUTRAL IMPACT
Vaxcyte's short interest has decreased by 6.01%, with 11.50 million shares sold short, representing 11.88% of its float. This is higher than its peers' average short interest of 5.98%. It would take 14.65 days to cover these positions based on current trading volume.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. However, the short interest remains high compared to peers, indicating continued bearish sentiment. The time to cover short positions is relatively long, which could lead to volatility if a short squeeze occurs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100