Looking Into Marvell Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Tech's (NYSE:MRVL) short percent of float has risen 3.91% since its last report, with 19.37 million shares sold short, which is 2.66% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Marvell Tech has less short interest.
September 12, 2023 | 7:00 pm
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Marvell Tech's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
The increase in short interest indicates that more investors are betting against Marvell Tech, which could put downward pressure on the stock price. However, the fact that Marvell Tech has less short interest compared to its peers could indicate that it is in a relatively stronger position.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100