Peering Into Roblox's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Roblox's (NYSE:RBLX) short percent of float has risen 4.37% since its last report, with 19.46 million shares sold short, which is 5.01% of all regular shares available for trading. It would take traders 2.53 days to cover their short positions on average. The increase in short interest can signal that investors have become more bearish. Roblox's peer group average for short interest as a percentage of float is 3.46%, indicating the company has more short interest than most of its peers.
July 11, 2023 | 1:01 pm
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Roblox's short percent of float has increased, indicating a potential bearish sentiment among investors. The company has more short interest than most of its peers.
The increase in short interest in Roblox's stock indicates that more investors are betting that the stock price will fall. This could put downward pressure on the stock price in the short term. However, it's important to note that high short interest can also lead to a short squeeze, which could drive the stock price up if short sellers are forced to cover their positions.
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