Peering Into Insmed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Insmed's short interest has increased by 8.04%, with 13.20 million shares sold short, representing 7.79% of its float. This is higher than its peers' average of 5.08%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 24, 2024 | 4:18 pm
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Insmed's short interest has increased by 8.04%, with 13.20 million shares sold short, representing 7.79% of its float. This is higher than its peers' average of 5.08%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates that investors are more bearish on Insmed compared to its peers, which could lead to downward pressure on the stock price. However, short interest alone does not guarantee a price drop, as other factors could influence the stock's movement.
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IMPORTANCE 80
RELEVANCE 100