Looking Into Fortinet's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fortinet's (NYSE:FTNT) short percent of float has fallen 5.52% since its last report, with 10.13 million shares sold short, which is 1.54% 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, Fortinet has less short interest as a percentage of float, with an average of 5.38%.
August 04, 2023 | 12:01 pm
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Decrease in short interest could indicate a more bullish sentiment towards Fortinet's stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
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