Incyte Co. (NASDAQ:INCY) Short Interest Update
Incyte Co. (NASDAQ:INCY – Get Rating) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 5,860,000 shares, an increase of 29.4% from the April 15th total of 4,530,000 shares. Based on an average trading volume of 1,600,000 shares, the short-interest ratio is presently 3.7 days. Approximately 2.7% of the shares of the stock are sold short.