Looking Into Palantir Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palantir Technologies's (NYSE:PLTR) short percent of float has risen 14.52% since its last report, with 155.59 million shares sold short, which is 8.28% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Palantir's peer group average for short interest as a percentage of float is 3.01%, indicating the company has more short interest than most of its peers.
September 20, 2023 | 2:30 pm
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Palantir Technologies has seen a 14.52% increase in short interest since its last report, indicating a bearish market sentiment. The company's short interest is higher than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock, as it represents the number of shares that have been sold short but have not yet been covered. This means that traders are betting on the stock's price to fall. With Palantir's short interest higher than most of its peers, this could potentially put downward pressure on the stock's price in the short term.
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