How Is The Market Feeling About GLOBALFOUNDRIES?
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES's (NASDAQ:GFS) short percent of float has risen 3.36% since its last report, with 10.42 million shares sold short, which is 12.61% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock. Compared to its peers, GLOBALFOUNDRIES has a higher short interest.
June 29, 2023 | 8:15 pm
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NEUTRAL IMPACT
GLOBALFOUNDRIES's short percent of float has risen, indicating more traders are betting on the stock's price to fall. However, this could potentially be bullish.
An increase in short interest can indicate a bearish sentiment towards a stock, as traders are betting on the price to fall. However, it can sometimes be a bullish indicator, as a high short interest can lead to a short squeeze, causing the stock price to rise. Therefore, the impact on GLOBALFOUNDRIES's stock price could go either way.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100