Looking Into KLA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KLA's (NYSE:KLAC) short percent of float has fallen 14.72% since its last report, with 1.89 million shares sold short, which is 1.39% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards KLA. Compared to its peers, KLA has less short interest as a percentage of float, with an average of 6.32%.
September 06, 2023 | 7:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards KLA. The company's short interest is lower than its peers' average.
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 KLA's short interest is lower than its peers' average, could potentially lead to an increase in the stock's price in the short term.
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