Is the Market Bullish or Bearish on BriaCell Therapeutics Corp?
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BriaCell Therapeutics Corp (NYSE:BCTX) has seen a significant rise in short interest, increasing by 174.82% to 281,000 shares, which is 14.95% of its float. This suggests a bearish sentiment among investors, as short selling indicates expectations of a price decline. The average time to cover short positions is 3.79 days. Compared to its peers, BriaCell's short interest is notably higher, with an average of 2.71% for similar companies. This trend may indicate growing caution among traders regarding the stock's performance.
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