Peering Into Align Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Align Tech's (NYSE:ALGN) short percent of float has risen 8.6% since its last report, with 2.73 million shares sold short, which is 4.04% of all regular shares available for trading. It would take traders 4.08 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 5.29%.
July 18, 2023 | 2:46 pm
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The rise in short interest in Align Tech could indicate a bearish sentiment among investors. However, the company has less short interest than most of its peers.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish. However, Align Tech has less short interest than most of its peers, which could indicate a less bearish sentiment compared to other companies.
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