How Is The Market Feeling About Fortinet?
Portfolio Pulse from Benzinga Insights
Fortinet's (NYSE:FTNT) short percent of float has fallen 22.75% since its last report, indicating a more bullish sentiment towards the stock. The company has 10.69 million shares sold short, which is 1.63% of all regular shares available for trading. Compared to its peers, Fortinet has less short interest as a percentage of float, with an average of 5.38%.
July 17, 2023 | 8:30 pm
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Decrease in short interest indicates a more bullish sentiment towards Fortinet. The company has less short interest compared to its peers.
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. Fortinet's short percent of float has fallen 22.75% since its last report, indicating a more bullish sentiment towards the stock. Additionally, compared to its peers, Fortinet has less short interest as a percentage of float, which further supports the bullish sentiment.
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