Looking Into Novavax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Novavax's short interest has increased by 6.09%, with 33.53 million shares sold short, representing 26.13% of its float. This is higher than its peers' average of 13.61%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.
October 01, 2024 | 1:30 pm
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Novavax's short interest has increased to 26.13% of its float, indicating a bearish sentiment among investors. This is significantly higher than the peer average of 13.61%.
The increase in short interest suggests that investors are bearish on Novavax, which could lead to downward pressure on the stock price. However, the high short interest also presents the potential for a short squeeze if positive news emerges.
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