How Is The Market Feeling About CrowdStrike Holdings?
Portfolio Pulse from Benzinga Insights
CrowdStrike Holdings's (NASDAQ:CRWD) short percent of float has risen 3.63% since its last report, with 7.46 million shares sold short, which is 3.43% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, CrowdStrike has less short interest as a percentage of float, with an average of 5.43%.
June 29, 2023 | 4:15 pm
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Increased short interest in CrowdStrike Holdings indicates a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The rise in short interest indicates that more investors are betting against the company, expecting its stock price to fall. This could put downward pressure on the stock in the short term. However, the fact that CrowdStrike's short interest is less than its peers' average could mean that it's performing better than similar companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100