How Is The Market Feeling About Analog Devices?
Portfolio Pulse from Benzinga Insights
Analog Devices (NYSE:ADI) has seen a decrease in its short percent of float by 6.67% since its last report, with 7.00 million shares sold short, representing 1.4% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Analog Devices has less short interest as a percentage of float, with an average of 4.79%.
July 21, 2023 | 2:15 pm
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Analog Devices has seen a decrease in short interest, which could indicate a more bullish sentiment towards the stock. The company's short interest is also lower than its peers' average.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, having a lower short interest than its peers could make Analog Devices more attractive to investors.
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