Looking Into Marvell Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Tech's (NASDAQ:MRVL) short percent of float has fallen 23.76% since its last report, with 22.43 million shares sold short, which is 3.08% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Marvell Tech has less short interest as a percentage of float, with an average of 4.71%.
June 30, 2023 | 2:30 pm
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The decrease in short interest for Marvell Tech could indicate a more bullish sentiment towards the stock, potentially leading to a positive impact on its price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could lead to an increase in the stock price. Marvell Tech's short interest has decreased by 23.76%, which could indicate a more bullish sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100