Looking Into Mobileye Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mobileye Global's (NYSE:MBLY) short percent of float has risen 10.77% since its last report, with 13.79 million shares sold short, which is 20.77% of all regular shares available for trading. It would take traders 6.31 days to cover their short positions on average. The company's short interest is higher than its peer group average of 4.84%.
September 08, 2023 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Mobileye Global's short interest has increased, indicating a bearish sentiment among traders. However, high short interest can sometimes lead to a short squeeze, which could potentially drive the stock price up in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered. An increase in short interest can indicate that traders are expecting the stock price to fall. However, if the stock price increases instead, these traders may be forced to buy the stock to cover their short positions, leading to a short squeeze and a rapid increase in the stock price. Given the high short interest in Mobileye Global, there is potential for such a short squeeze, although this is not guaranteed.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100