Anavex Life Sciences Corp (AVXL)

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Peering Into Anavex Life Sciences's Recent Short Interest
BENZINGA 1:45 PM ET 1/24/2024
Symbol Last Price Change
AVXL 6.665up +0.065 (+0.9848%)
QUOTES AS OF 02:54:52 PM ET 01/24/2024
Anavex Life Sciences's (AVXL) short percent of float has risen 10.79% since its last report. The company recently reported that it has 20.07 million shares sold short, which is 25.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 11.37 days to cover their short positions on average.

Why Short Interest Matters
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.

Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.

See Also: List of the most shorted stocks

Anavex Life Sciences Short Interest Graph (3 Months)