Health and Healthcare

Short Sellers, No Direction in Biotech (AMGN, BIIB, CELG, GENZ, GILD)

It seems that short sellers have no real direction in the major NASDAQ biotech stocks from mid-November to late-November.  Generally you see a pattern.  This month the only pattern seems to be one of no conviction either way.  Here are the short seller reports in the short interest:

Stock (Ticker)                         NOV. 28      NOV. 14      CHANGE
Amgen Inc. (AMGN)               23,033,081   24,169,278    -4.70%
Celgene Corporation (CELG)    8,298,820    8,040,642     +3.21%
Biogen Idec Inc. (BIIB)             8,027,848    7,938,637     +1.12%
Genzyme Corporation (GENZ)  6,569,181    6,797,501     -3.36%
Gilead Sciences (GILD)           29,055,791  30,213,915    -3.83%

Jon C. Ogg
December 10, 2008

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