Peering Into Qualcomm's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short percent of float has fallen 19.3% since its last report, with 10.24 million shares sold short, which is 0.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Qualcomm. Compared to its peers, Qualcomm has less short interest as a percentage of float, with an average of 4.81%.
July 25, 2023 | 7:45 pm
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The decrease in short interest in Qualcomm could indicate a more bullish sentiment in the market, potentially impacting the stock positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals that investors have become more bullish, which could lead to an increase in the stock price. As such, the reported decrease in Qualcomm's short interest could potentially have a positive impact on its stock price in the short term.
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