Peering Into MongoDB's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MongoDB's (NYSE:MDB) short percent of float has risen 8.44% since its last report, with 4.27 million shares sold short, which is 7.07% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. MongoDB's peer group average for short interest as a percentage of float is 5.53%, indicating the company has more short interest than most of its peers.
September 06, 2023 | 7:00 pm
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MongoDB's short percent of float has risen 8.44%, indicating a bearish market sentiment. The company's short interest is higher than its peer group average.
The increase in MongoDB's short percent of float indicates that more investors are betting on the stock's price to fall, which is a bearish signal. Additionally, the fact that MongoDB's short interest is higher than its peer group average suggests that the bearish sentiment is stronger for MongoDB compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100