Peering Into Vaxcyte's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Vaxcyte's short interest has decreased by 3.16%, with 9.34 million shares sold short, representing 8.58% of its float. This is higher than its peers' average of 5.28%. It would take 14.17 days to cover these positions based on trading volume.
October 30, 2024 | 7:30 pm
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NEUTRAL IMPACT
Vaxcyte's short interest has decreased by 3.16%, with 9.34 million shares sold short, representing 8.58% of its float. This is higher than its peers' average of 5.28%. It would take 14.17 days to cover these positions based on trading volume.
The decrease in short interest suggests a shift towards a more bullish sentiment, but the high percentage of short interest compared to peers indicates continued bearish sentiment. The time to cover is relatively long, which could lead to volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100