Looking Into Meta Platforms's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Meta Platforms's (NYSE:META) short percent of float has risen 16.1% since its last report, with 30.31 million shares sold short, which is 1.37% of all regular shares available for trading. It would take traders 1.51 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.08%.
September 22, 2023 | 1:45 pm
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Meta Platforms's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, Meta Platforms's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
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IMPORTANCE 75
RELEVANCE 100