(MPWR) - Analyzing Monolithic Power Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Monolithic Power Systems's (NASDAQ:MPWR) short percent of float has risen 10.15% since its last report, with 2.27 million shares sold short, which is 6.4% of all regular shares available for trading. It would take traders 3.8 days to cover their short positions on average. The company's short interest is higher than its peer group average of 4.57%.
June 30, 2023 | 2:30 pm
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Monolithic Power Systems's short interest has increased, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, it's important to note that high short interest can sometimes lead to a short squeeze, which can drive the stock price up in the short term. Therefore, the impact on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100