(PANW) - Analyzing Palo Alto Networks's Short Interest
Portfolio Pulse from Benzinga Insights
Palo Alto Networks's (NYSE:PANW) short percent of float has risen 9.4% since its last report, with 22.58 million shares sold short, which is 7.68% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 5.13%. Short interest can act as an indicator of market sentiment towards a particular stock.
July 20, 2023 | 6:30 pm
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Palo Alto Networks's short percent of float has risen 9.4%, indicating a bearish market sentiment. However, high short interest can sometimes be bullish.
An increase in short interest indicates that more investors are betting that the stock price will fall. However, if the stock price rises instead, these investors will have to buy back the stock to cover their short positions, which can drive the price up even further. This is known as a short squeeze.
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IMPORTANCE 75
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