How Is The Market Feeling About Qualcomm?
Portfolio Pulse from Benzinga Insights
The short percent of float for Qualcomm (NYSE:QCOM) has decreased by 9.26% since its last report, with 10.89 million shares sold short. This represents 0.98% of all regular shares available for trading. The short interest for Qualcomm is less than its peer group average of 3.58%. Short interest can indicate market sentiment towards a stock, with a decrease potentially signaling a more bullish sentiment.
September 18, 2023 | 2:45 pm
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The decrease in short interest for Qualcomm could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily mean the stock price will rise in the near term. It's also worth noting that Qualcomm's short interest is less than its peer group average, which could be a positive sign.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100