Peering Into Avantor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Avantor's short interest has increased by 9.15%, with 36.39 million shares sold short, representing 5.37% of its float. This is higher than its peers' average of 5.23%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 09, 2024 | 6:00 pm
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Avantor's short interest has increased by 9.15%, with 36.39 million shares sold short, representing 5.37% of its float. This is higher than its peers' average of 5.23%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates that investors are more bearish on Avantor compared to its peers. This could lead to downward pressure on the stock price as more investors bet against it. However, short interest alone doesn't guarantee a price drop, as other factors could influence the stock's movement.
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IMPORTANCE 80
RELEVANCE 100