(GFS) - Analyzing GLOBALFOUNDRIES's Short Interest
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES's (NYSE:GFS) short percent of float has risen 4.31% since its last report, with 11.68 million shares sold short, which is 14.04% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.
September 18, 2023 | 6:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The rise in short interest in GLOBALFOUNDRIES indicates that more traders are betting on the stock's price to fall. However, this could potentially be bullish for the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, but it can also sometimes be bullish for a stock as it could lead to a short squeeze, where the stock's price rises due to increased demand from short sellers needing to cover their positions.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100