(ADI) - Analyzing Analog Devices's Short Interest
Portfolio Pulse from Benzinga Insights
Analog Devices's (NYSE:ADI) short percent of float has risen 17.31% since its last report, with 6.07 million shares sold short, which is 1.22% of all regular shares available for trading. This does not necessarily mean that the stock will fall in the near-term. Compared to its peers, Analog Devices has less short interest as a percentage of float, with an average of 3.57%.
September 19, 2023 | 3:45 pm
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An increase in short interest in Analog Devices could indicate a bearish market sentiment. However, compared to its peers, ADI has less short interest, which could be a positive sign.
An increase in short interest could indicate that investors are expecting the stock price to fall. However, the fact that ADI has less short interest compared to its peers could mean that investors are less bearish on ADI than on other similar companies. This could potentially have a neutral to positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100