How Is The Market Feeling About Cingulate?
Portfolio Pulse from Benzinga Insights
Cingulate's short interest has decreased by 75.73%, with 51,000 shares sold short, representing 3.18% of its float. This is higher than its peers' average of 2.77%. A decrease in short interest can indicate a more bullish sentiment.
August 27, 2024 | 2:45 pm
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Cingulate's short interest has significantly decreased, suggesting a potential shift towards a more bullish market sentiment. The current short interest is 3.18% of the float, which is higher than the peer average of 2.77%.
The significant decrease in short interest by 75.73% suggests that traders are less bearish on Cingulate. With short interest now at 3.18% of the float, higher than the peer average, it indicates a potential shift in sentiment. This could lead to a short-term positive impact on the stock price as traders may interpret the reduced short interest as a bullish signal.
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