Peering Into STMicroelectronics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
STMicroelectronics's (NYSE:STM) short percent of float has risen 13.04% since its last report, with 4.73 million shares sold short, which is 0.52% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, STMicroelectronics has less short interest as a percentage of float, with an average of 3.68%.
September 06, 2023 | 1:00 pm
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STMicroelectronics's short percent of float has risen 13.04%, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of STMicroelectronics's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that STMicroelectronics has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price compared to other companies in the same industry.
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IMPORTANCE 75
RELEVANCE 100