Jim Cramer Dives Deep Into Nvidia's 'Really Incredible' Monday Surge: What Stock's Short Interest Looks Like Ahead Of Q2 Print
Portfolio Pulse from Shanthi Rexaline
Nvidia Corp. (NASDAQ:NVDA) shares surged over 8% on Monday, ahead of its Q2 results, due to positive analysts' commentaries. The short interest in Nvidia stock at the end of July was 26,400,064, down from 31,396,008 by July 14. The short interest percentage is 1.11%, lower than Tesla, Inc.'s (NASDAQ:TSLA) 2.83% and Advanced Micro Devices, Inc.’s (NASDAQ:AMD) 1.57%. If Nvidia's Q2 results align with analysts' expectations, it could lead to a short-squeeze and a further rise in the stock.
August 22, 2023 | 9:43 am
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NEUTRAL IMPACT
AMD's short interest percentage is 1.57%, higher than Nvidia's 1.11%.
The news mentions AMD's short interest percentage in comparison to Nvidia's. However, there is no direct impact on AMD's stock from this news.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Tesla's short interest percentage is 2.83%, higher than Nvidia's 1.11%.
The news mentions Tesla's short interest percentage in comparison to Nvidia's. However, there is no direct impact on Tesla's stock from this news.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
POSITIVE IMPACT
Nvidia's stock surged over 8% due to positive analysts' commentaries. If Q2 results meet expectations, it could lead to a short-squeeze and further rise in the stock.
The surge in Nvidia's stock is due to positive analysts' commentaries. The decrease in short interest indicates less betting against the stock, which could lead to a short-squeeze and further rise in the stock if Q2 results meet expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100