Looking Into Fortinet's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fortinet's (NYSE:FTNT) short percent of float has decreased by 5.84% since its last report, with 9.56 million shares sold short, representing 1.45% 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 5.13%.
August 18, 2023 | 8:15 pm
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The decrease in short interest in Fortinet could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as it suggests fewer investors are betting on the stock's price to fall. This could potentially drive up the stock's price in the short term.
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