How Is The Market Feeling About Microchip Technology?
Portfolio Pulse from Benzinga Insights
Microchip Technology's (NYSE:MCHP) short percent of float has fallen 6.14% since its last report, with 17.13 million shares sold short, which is 3.67% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, compared to its peers, Microchip Technology has a higher short interest as a percentage of float (3.54%).
September 04, 2023 | 6:45 pm
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Decrease in short interest could indicate a more bullish sentiment towards Microchip Technology. However, its higher short interest compared to peers could be a concern.
A decrease in short interest usually indicates a more bullish sentiment as fewer traders are betting on the stock's price to fall. However, Microchip Technology's higher short interest compared to its peers could indicate that traders are more bearish on this stock than on its peers.
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