Looking Into GLOBALFOUNDRIES's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES's (NYSE:GFS) short percent of float has decreased by 3.72% since its last report, with 11.20 million shares sold short, representing 13.46% 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, GLOBALFOUNDRIES has a higher short interest as a percentage of float, which is 3.12% on average.
August 25, 2023 | 2:30 pm
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GLOBALFOUNDRIES's short interest has decreased, which could indicate a more bullish sentiment towards the stock. However, its short interest is higher than its peers' average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as fewer traders are betting on its price to fall. However, GLOBALFOUNDRIES's short interest is higher than its peers' average, which could indicate that traders are more bearish on GFS compared to other similar companies. This mixed signal makes it difficult to predict the short-term price direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100