Looking Into Micron Technology's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Micron Technology's (NYSE:MU) short percent of float has risen 6.4% since its last report, with 20.04 million shares sold short, which is 1.83% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Micron Technology has less short interest as a percentage of float, which is 4.85% on average.
August 04, 2023 | 3:48 pm
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Micron Technology's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that Micron Technology's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers' average could indicate that it is less bearish compared to other companies in the same industry.
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IMPORTANCE 75
RELEVANCE 100