(INSM) - Analyzing Insmed's Short Interest
Portfolio Pulse from Benzinga Insights
Insmed's short interest has decreased by 9.3%, with 12.23 million shares sold short, representing 7.22% of its float. This is higher than its peers' average of 6.00%. The decrease in short interest may indicate a shift in market sentiment.
September 16, 2024 | 4:00 pm
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Insmed's short interest has decreased by 9.3%, with 12.23 million shares sold short, representing 7.22% of its float. This is higher than its peers' average of 6.00%. 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 Insmed, as fewer investors are betting against the stock. This could be seen as a bullish indicator, especially since its short interest is still higher than its peers, indicating potential for a short squeeze.
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