Peering Into Illumina's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Illumina's short interest has decreased by 9.67%, with 4.21 million shares sold short, representing 2.99% of its float. This is lower than its peers' average short interest of 5.44%. The decrease in short interest may indicate a more bullish sentiment towards Illumina.
September 02, 2024 | 7:00 pm
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Illumina's short interest has decreased by 9.67%, with 4.21 million shares sold short, representing 2.99% of its float. This is lower than its peers' average short interest of 5.44%. The decrease in short interest may indicate a more bullish sentiment towards Illumina.
The decrease in short interest suggests that investors are less bearish on Illumina compared to before. With its short interest lower than the peer average, this could indicate a shift towards a more positive market sentiment, potentially leading to a short-term price increase.
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