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High Short Interest Alert:Sangamo Biosciences-Market Insider
Sangamo Biosciences (NASDAQ:SGMO) is in a strong bear grip; the short interest is registered high at 17.44% of the floated shares. Each share is trading at $12.39, which is merely 24.2% above the 52-week low and 49.8% below the 52-week high. However, any positive news coming from the counter could result in massive unwinding of short positions, which may lead to a swift price escalation.. Sangamo Biosciences (NASDAQ:SGMO) : Optimism-led buying helped Sangamo Biosciences (NASDAQ:SGMO)post gains of 6.17% or 0.72 points. The mood remained fairly bullish throughout the day and no significant downmove or selling pressure was witnessed. During the day, the shares fluctuated in $11.7-$12.41 but finally closed higher at $12.39. The shares had closed the previous day trading session at $11.67. The 52-week high of Sangamo Biosciences (NASDAQ:SGMO) is at $24.69. The volume for the day was recorded at 771,006 shares. Currently, there are 68,404,000 outstanding shares and the company has a market cap of $848 million. The 52-week low of the shares is at $9.39.