Peering Into GLOBALFOUNDRIES's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES's (NYSE:GFS) short percent of float has risen 8.24% since its last report, with 11.28 million shares sold short, which is 13.66% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.
July 18, 2023 | 4:30 pm
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Increased short interest in GLOBALFOUNDRIES could indicate bearish sentiment among traders, but it could also potentially be bullish.
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, but it can also sometimes be bullish for a stock. The impact on GLOBALFOUNDRIES's stock price will depend on whether the increase in short interest is due to bearish sentiment or a potential short squeeze.
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