Peering Into BioCardia's Recent Short Interest
Portfolio Pulse from Benzinga Insights
BioCardia's short interest has increased by 71.29%, with 64,000 shares sold short, representing 3.46% of its float. This is higher than its peers' average of 2.44%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 04, 2024 | 5:00 pm
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BioCardia's short interest has surged by 71.29%, with 64,000 shares sold short, making up 3.46% of its float. This is above the peer average of 2.44%, indicating increased bearish sentiment.
The significant increase in short interest suggests that investors are more bearish on BioCardia compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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IMPORTANCE 80
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