How Is The Market Feeling About Scholar Rock Holding?
Portfolio Pulse from Benzinga Insights
Scholar Rock Holding (NYSE:SRRK) has seen a 4.49% increase in its short percent of float, now at 44.92%. This high short interest suggests bearish sentiment compared to its peers, whose average short interest is 15%. It would take traders 25.97 days to cover their short positions.
October 07, 2024 | 6:30 pm
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Scholar Rock Holding's short interest has increased to 44.92%, significantly higher than its peers' average of 15%. This suggests bearish sentiment, but high short interest can sometimes lead to a short squeeze, potentially driving the stock price up.
The increase in short interest to 44.92% indicates that investors are bearish on SRRK compared to its peers, which have an average short interest of 15%. This could lead to downward pressure on the stock price. However, high short interest can also lead to a short squeeze, which could drive the price up if traders rush to cover their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100