(MRVL) - Analyzing Marvell Tech's Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Tech's (NYSE:MRVL) short percent of float has decreased by 6.77% since its last report, with 18.07 million shares sold short, which is 2.48% 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, Marvell Tech has less short interest, with an average of 4.82% for its peer group.
August 04, 2023 | 11:48 am
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Marvell Tech's decrease in short interest could indicate a more bullish sentiment towards the stock. The company also has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, having less short interest compared to its peers could make Marvell Tech more attractive to investors.
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