How Is The Market Feeling About Novavax?
Portfolio Pulse from Benzinga Insights
Novavax's short interest has decreased by 17.52%, with 28.76 million shares sold short, representing 22.41% of its float. This is higher than its peers' average of 11.76%. The decrease in short interest may indicate a shift in market sentiment.
September 04, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Novavax's short interest has decreased by 17.52%, with 28.76 million shares sold short, representing 22.41% of its float. This is higher than its peers' average of 11.76%. The decrease in short interest may indicate a shift in market sentiment.
The decrease in short interest suggests a potential shift in market sentiment towards Novavax, as fewer investors are betting against the stock. This could lead to a short-term positive impact on the stock price, especially since its short interest is still significantly higher than its peers, indicating potential for a short squeeze.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100