Peering Into Micron Technology's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Micron Technology's (NYSE:MU) short percent of float has fallen 13.57% since its last report, with 18.74 million shares sold short, which is 1.72% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Micron has less short interest as a percentage of float, with an average of 4.77%.
July 19, 2023 | 5:00 pm
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Micron Technology's short interest has decreased, potentially indicating a more bullish sentiment towards the stock.
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's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100