How Is The Market Feeling About Intel?
Portfolio Pulse from Benzinga Insights
Intel's (NYSE:INTC) short percent of float has risen 4.26% since its last report, with 61.56 million shares sold short, which is 1.47% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Intel's short interest as a percentage of float is less than its peer group average of 3.56%.
September 18, 2023 | 2:30 pm
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Intel's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
The increase in short percent of float indicates that more investors are betting against Intel, which could put downward pressure on the stock. However, the fact that Intel's short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100