(HUBS) - Analyzing HubSpot's Short Interest
Portfolio Pulse from Benzinga Insights
HubSpot's (NYSE:HUBS) short percent of float has risen 10.71% since its last report, with 1.04 million shares sold short, which is 2.17% of all regular shares available for trading. It would take traders 1.39 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, HubSpot's peer group average for short interest as a percentage of float is 3.42%, which means the company has less short interest than most of its peers.
September 08, 2023 | 8:30 pm
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HubSpot's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, HubSpot's short interest is less than its peer group average, which could mitigate some of the potential negative impact.
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