How Is The Market Feeling About STMicroelectronics?
Portfolio Pulse from Benzinga Insights
STMicroelectronics's (NYSE:STM) short percent of float has fallen 7.69% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.38 million shares sold short, which is 0.48% of all regular shares available for trading. Compared to its peers, STMicroelectronics has less short interest, with an average of 3.61% for its peer group.
September 25, 2023 | 1:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Decrease in short interest indicates a more bullish sentiment towards STMicroelectronics. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that STMicroelectronics has less short interest compared to its peers, could potentially lead to a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100