Looking Into STMicroelectronics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
STMicroelectronics's (NYSE:STM) short percent of float has fallen 29.52% since its last report, with 6.70 million shares sold short, which is 0.74% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, STMicroelectronics has less short interest.
July 11, 2023 | 8:01 pm
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Decrease in short interest could indicate a more bullish sentiment towards STMicroelectronics.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock price.
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