Looking Into Rumble's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rumble's (NYSE:RUM) short percent of float has risen 3.17% since its last report, with 10.85 million shares sold short, which is 14.0% of all regular shares available for trading. It would take traders 9.48 days to cover their short positions on average. The company's short interest is higher than its peer group average of 5.37%. Short interest can act as an indicator of market sentiment towards a stock.
August 29, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Rumble's short percent of float has risen, indicating a bearish sentiment among traders. However, high short interest can sometimes be bullish.
The increase in short percent of float indicates that more traders are betting on the stock's price to fall, which is generally a bearish signal. However, if the stock price does not fall as expected, a short squeeze could occur, driving the price up instead. This is why high short interest can sometimes be bullish.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100