How Is The Market Feeling About Cassava Sciences?
Portfolio Pulse from Benzinga Insights
Cassava Sciences (NYSE:SAVA) has seen a 7.42% increase in its short percent of float, now at 42.12%. This high short interest suggests bearish sentiment, but it could also lead to a short squeeze if the stock price rises. Compared to its peers, Cassava has a significantly higher short interest.
October 25, 2024 | 7:00 pm
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Cassava Sciences has a high short interest of 42.12%, indicating bearish sentiment. This could lead to a short squeeze if the stock price rises, impacting short-term price movements.
The increase in short interest to 42.12% suggests that investors are bearish on Cassava Sciences. However, this high level of short interest could also lead to a short squeeze if the stock price rises, causing short sellers to cover their positions, which could drive the price up. This creates a potential for volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100