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Insider Trades and Short Interest Rise: A Look into Amylyx ... - Best Stocks

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In the world of financial markets, Amylyx Pharmaceuticals, Inc. (NASDAQ:AMLX) has made some significant headlines. The month of April saw a notable increase in the short interest of AMLX. As of 30th April, the total number of shares shorted reached 6,870,000 – an increase of 12.6% from the previous month’s total figure of 6,100,000. With an average daily trading volume of 891,400 shares, the current days-to-cover ratio stands at an impressive 7.7 days while approximately 16% of the company’s shares are currently sold short.

beststocks.com     May 15, 2023