Peering Into KLA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KLA's (NASDAQ:KLAC) short percent of float has risen 4.94% since its last report, with 2.33 million shares sold short, which is 1.7% of all regular shares available for trading. It would take traders 2.2 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. KLA's peer group average for short interest as a percentage of float is 6.80%, which means the company has less short interest than most of its peers.
June 30, 2023 | 1:15 pm
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KLA's short percent of float has risen, indicating a bearish sentiment among investors. However, compared to its peers, KLA has less short interest.
The increase in short interest indicates that more investors are betting against KLA, which could put downward pressure on the stock price in the short term. However, the fact that KLA has less short interest than its peers could be a positive sign, as it suggests that investors are less bearish on KLA compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100