How Is The Market Feeling About Illumina?
Portfolio Pulse from Benzinga Insights
Illumina's short interest has increased by 8.81%, with 4.88 million shares sold short, representing 3.46% of its float. This is below the peer group average of 5.48%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 09, 2024 | 1:00 pm
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Illumina's short interest has increased by 8.81%, with 4.88 million shares sold short, representing 3.46% of its float. This is below the peer group average of 5.48%. The rise in short interest suggests a 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 Illumina's stock price. However, the short interest is still below the peer average, which may mitigate the impact. The market sentiment is a key factor in short-term price movements.
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