Incyte Corporation Stock Sees Short Interest Drop 16.2%
The most recent short interest data has been released by the NASDAQ for the 05/31/2013 settlement date, which shows a 3,637,967 share decrease in total short interest for Incyte Corporation , to 18,801,390, a decrease of 16.21% since 05/15/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
According to the ETF Finder at ETF Channel, INCY makes up 2.53% of the Dynamic Biotechnology & Genome Portfolio ETF (PBE) which is higher by about 1.4% on the day Thursday. In afternoon trading Thursday, INCY was up about 5.1% on the day.