(KLAC) - Analyzing KLA's Short Interest
Portfolio Pulse from Benzinga Insights
KLA's (NYSE:KLAC) short percent of float has risen 17.99% since its last report, with 2.24 million shares sold short, which is 1.64% of all regular shares available for trading. It would take traders 2.71 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KLA's peer group average for short interest as a percentage of float is 5.68%, which means the company has less short interest than most of its peers.

September 25, 2023 | 3:15 pm
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KLA's short percent of float has risen, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers, which could be a positive sign.
The increase in short interest indicates that investors are expecting the price of KLA's stock to fall. However, the fact that KLA has less short interest than most of its peers could mean that investors are less bearish on KLA compared to other companies. This could potentially limit the downside risk for KLA's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100