(KLAC) - Analyzing KLA's Short Interest
Portfolio Pulse from Benzinga Insights
KLA's (NYSE:KLAC) short percent of float has risen 4.35% since its last report, with 2.30 million shares sold short, which is 1.68% of all regular shares available for trading. It would take traders 2.67 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KLA's peer group average for short interest as a percentage of float is 6.84%, which means the company has less short interest than most of its peers.
August 04, 2023 | 3:45 pm
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KLA's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in KLA's short percent of float indicates that more investors are betting on the stock's price to fall, which is a bearish signal. However, compared to its peers, KLA has less short interest, which could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
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