Peering Into Palo Alto Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palo Alto Networks's (NYSE:PANW) short percent of float has fallen 13.15% since its last report, with 19.62 million shares sold short, which is 6.67% of all regular shares available for trading. It would take traders 3.37 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 5.16%.
August 07, 2023 | 3:45 pm
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Palo Alto Networks's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. However, it still has more short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish towards a stock. However, Palo Alto Networks still has more short interest than most of its peers, which could indicate some level of bearish sentiment still exists.
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