Peering Into Mobileye Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mobileye Global's (NYSE:MBLY) short percent of float has decreased by 12.8% since its last report, with 11.94 million shares sold short, which is 17.98% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Mobileye Global has a higher short interest as a percentage of float, which is 4.82% on average.
August 09, 2023 | 7:30 pm
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Decrease in short interest could indicate a shift towards a more bullish sentiment for Mobileye Global. However, its higher short interest compared to peers could still pose a risk.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as it means fewer investors are betting on the stock's price to fall. However, Mobileye Global's higher short interest compared to its peers could still pose a risk as it indicates that more investors are betting against the stock compared to other similar companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100