(STM) - Analyzing STMicroelectronics's Short Interest
Portfolio Pulse from Benzinga Insights
STMicroelectronics's (NYSE:STM) short percent of float has risen 31.71% since its last report, with 4.84 million shares sold short, which is 0.54% of all regular shares available for trading. An increase in short interest can signal that investors have become more bearish. However, STMicroelectronics's peer group average for short interest as a percentage of float is 4.90%, which means the company has less short interest than most of its peers.
July 28, 2023 | 3:45 pm
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STMicroelectronics's short percent of float has risen, indicating a bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against the company, which could put downward pressure on the stock price. However, the fact that STM has less short interest than most of its peers could mitigate this effect.
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