How Is The Market Feeling About STMicroelectronics?
Portfolio Pulse from Benzinga Insights
STMicroelectronics's (NYSE:STM) short percent of float has fallen 14.81% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.13 million shares sold short, which is 0.46% of all regular shares available for trading. Compared to its peers, STMicroelectronics has less short interest.
August 21, 2023 | 6:30 pm
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The decrease in short interest in STMicroelectronics indicates a more bullish sentiment towards the stock, which could potentially lead to an increase in its price.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
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