Peering Into Micron Technology's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Micron Technology's (NASDAQ:MU) short percent of float has fallen 17.43% since its last report, with 21.71 million shares sold short, which is 1.99% 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, Micron has less short interest, with the average for its peer group being 4.76%.
June 30, 2023 | 3:15 pm
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Decrease in short interest in Micron Technology could indicate a more bullish sentiment towards the stock. The company has less short interest compared to its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. As Micron Technology's short interest has fallen, this could indicate a more positive sentiment towards the company's stock. Additionally, having less short interest compared to its peers could also be seen as a positive sign.
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