Peering Into Qualcomm's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's (NASDAQ:QCOM) short percent of float has risen 31.03% since its last report, with 12.65 million shares sold short, which is 1.14% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Qualcomm has less short interest as a percentage of float, which is 4.80% on average.
June 30, 2023 | 8:00 pm
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Qualcomm's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
An increase in short interest usually indicates a bearish sentiment towards the stock, as traders are betting on the price to fall. However, Qualcomm's short interest is less than its peers, which could mean that the market is less bearish on Qualcomm compared to other similar companies.
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