(MDB) - Analyzing MongoDB's Short Interest
Portfolio Pulse from Benzinga Insights
MongoDB's (NYSE:MDB) short percent of float has risen 5.06% since its last report, with 3.76 million shares sold short, which is 6.23% of all regular shares available for trading. This does not necessarily mean the stock will fall, but indicates more shares are being shorted. Compared to its peers, MongoDB has less short interest, with the average being 6.41%.
July 03, 2023 | 1:15 pm
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MongoDB's short percent of float has risen, indicating more shares are being shorted. However, compared to its peers, MongoDB has less short interest.
The increase in short interest indicates that more investors are betting against MongoDB, which could put downward pressure on the stock. However, the fact that MongoDB's short interest is lower than its peers suggests that it may be less vulnerable to a short squeeze, which could limit downside risk.
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