How Is The Market Feeling About Align Tech?
Portfolio Pulse from Benzinga Insights
Align Tech's (NYSE:ALGN) short percent of float has fallen 8.06% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.08 million shares sold short, which is 3.08% of all regular shares available for trading. Compared to its peers, Align Tech has less short interest as a percentage of float, with the average being 5.48%.
September 15, 2023 | 2:30 pm
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Decrease in short interest indicates a more bullish sentiment towards Align Tech. The company's short interest is also lower than its peers' average.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, which can be interpreted as a more bullish sentiment. Additionally, Align Tech's short interest as a percentage of float is lower than its peers' average, suggesting that the market sentiment towards the company is more positive compared to its peers.
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