How Is The Market Feeling About Qualcomm?
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short percent of float has fallen 10.0% since its last report, indicating a more bullish sentiment towards the stock. The company has 12.05 million shares sold short, which is 1.08% of all regular shares available for trading. Compared to its peers, Qualcomm has less short interest, with the average for its peer group being 3.66%.
September 01, 2023 | 1:30 pm
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Decrease in short interest indicates a more bullish sentiment towards Qualcomm. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in the stock price. Qualcomm's short interest has decreased by 10%, indicating a more bullish sentiment towards the stock.
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