Peering Into Snowflake's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Snowflake's (NYSE:SNOW) short percent of float has fallen 6.03% since its last report, with 10.79 million shares sold short, which is 3.43% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Snowflake has less short interest as a percentage of float, with an average of 5.70%.
August 31, 2023 | 5:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Snowflake. The company's short interest is also lower than its peers' average.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. Snowflake's short interest has decreased by 6.03%, which could indicate a more bullish sentiment towards the company. Additionally, Snowflake's short interest as a percentage of float is lower than its peers' average, which could further indicate a more positive sentiment towards the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100