(MCHP) - Analyzing Microchip Technology's Short Interest
Portfolio Pulse from Benzinga Insights
Microchip Technology's (NASDAQ:MCHP) short percent of float has risen 8.38% since its last report, with 18.86 million shares sold short, which is 4.01% of all regular shares available for trading. It would take traders 3.9 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Microchip Technology's peer group average for short interest as a percentage of float is 4.67%, which means the company has less short interest than most of its peers.
June 30, 2023 | 2:00 pm
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Microchip Technology's short interest has increased, indicating a potentially bearish sentiment among investors. However, its short interest is still lower than its peer group average.
An increase in short interest often indicates a bearish sentiment among investors, as they expect the stock price to fall. However, Microchip Technology's short interest is still lower than its peer group average, which could mean that the bearish sentiment is not as strong compared to its peers.
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