Looking Into Broadcom's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Broadcom's (NYSE:AVGO) short percent of float has fallen 16.76% since its last report, with 4.78 million shares sold short, which is 1.49% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Broadcom. Compared to its peers, Broadcom has less short interest as a percentage of float, with an average of 3.64%.
September 04, 2023 | 5:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Broadcom's short percent of float has decreased, indicating a more bullish sentiment. It has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Broadcom has less short interest compared to its peers, could potentially have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100