Enzo Biochem, Inc. (ENZ) is making a move down in the market in today’s trading session. The company, one that is focused in the biotech industry, is currently trading at $3.33 after tumbling -8.01% so far today. When it comes to biotechnology companies, there are quite a few factors that have the ability to lead to price movement in the market.
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As the ratio heads up, it means that more investors believe that the price of the stock is going to go down. Throughout the sector, biotech stocks can have a higher short ratio. However, we also see quite a few short squeezes in the space. Nonetheless, with regard to Enzo Biochem, Inc., the stock’s short ratio is 4.83.
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Tech stocks led the way Wednesday, with Apple extending a rally that began Tuesday after it unveiled a trio of new iPhones and monthly prices for its new video-streaming service. Shares of the phone maker finished up $6.89, or 3.2%, to $223.59. Other technology stocks jumped as well, with Facebook, Micron Technology and Intel all rising at.
Get an overview of major world indexes, current values and stock market data.. Before it’s here, it’s on the Bloomberg Terminal.. U.S. Futures open higher; dollar flat: markets Wrap.