Looking Into Palo Alto Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palo Alto Networks's (NYSE:PANW) short percent of float has risen 5.43% since its last report, with 20.17 million shares sold short, which is 6.8% of all regular shares available for trading. It would take traders 3.56 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 5.02%.
September 20, 2023 | 2:30 pm
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Palo Alto Networks's short percent of float has increased, indicating a bearish sentiment among traders.
The increase in short percent of float indicates that traders are expecting the price of Palo Alto Networks's stock to fall. This bearish sentiment could put downward pressure on the stock price in the short term.
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