Looking Into Biogen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Biogen's short interest has increased by 9.65%, with 3.67 million shares sold short, representing 2.84% of its float. This is below the peer group average of 5.91%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 03, 2024 | 2:00 pm
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Biogen's short interest has increased by 9.65%, with 3.67 million shares sold short, representing 2.84% of its float. This is below the peer group average of 5.91%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on Biogen's stock price. However, the short interest is still below the peer average, which might mitigate the impact. The short interest data suggests a potential for price volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100