Looking Into ON Semiconductor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ON Semiconductor's (NASDAQ:ON) short percent of float has risen 9.08% since its last report, with 27.16 million shares sold short, which is 9.49% of all regular shares available for trading. It would take traders 3.9 days to cover their short positions on average. The company's short interest is higher than most of its peers, with an average of 4.43%.
June 30, 2023 | 3:15 pm
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ON Semiconductor's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest usually indicates a bearish sentiment among traders, as they are betting that the stock price will fall. However, this does not necessarily mean the stock price will fall in the near term. It's also worth noting that ON Semiconductor's short interest is higher than most of its peers, which could be a cause for concern among investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100