Peering Into Palo Alto Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palo Alto Networks's (NYSE:PANW) short percent of float has risen 5.72% since its last report, with 20.64 million shares sold short, which is 7.02% of all regular shares available for trading. It would take traders 3.31 days to cover their short positions on average. The company's short interest is higher than its peer group average of 5.30%.
July 03, 2023 | 1:46 pm
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Palo Alto Networks's short percent of float has risen 5.72% since its last report, indicating increased bearish sentiment. However, this does not necessarily mean the stock will fall in the near term.
The increase in short interest indicates that more traders are betting that Palo Alto Networks's stock price will fall. However, this is not a guarantee that the stock price will indeed fall, as short selling is a speculative activity and depends on various market factors. The company's short interest is also higher than its peer group average, which could be a cause for concern for investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100