Looking Into NVIDIA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NVIDIA's (NASDAQ:NVDA) short percent of float has fallen 4.92% since its last report, with 27.51 million shares sold short, which is 1.16% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards NVIDIA. Compared to its peers, NVIDIA has less short interest as a percentage of float, with an average of 4.80%.
June 30, 2023 | 3:15 pm
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NVIDIA's short interest has decreased, which could indicate a more bullish sentiment towards the company's stock. This, combined with the fact that NVIDIA has less short interest compared to its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, having less short interest compared to peers could make NVIDIA more attractive to investors.
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