Peering Into ON Semiconductor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ON Semiconductor's (NYSE:ON) short percent of float has risen 3.06% since its last report, with 26.00 million shares sold short, which is 9.1% of all regular shares available for trading. It would take traders 5.82 days to cover their short positions on average. The company's short interest is higher than its peer group average of 3.31%.
September 27, 2023 | 4:15 pm
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NEUTRAL IMPACT
ON Semiconductor's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the short term.
Short interest is an indicator of market sentiment. An increase in short interest suggests that traders expect the stock price to fall. However, this is not a guaranteed outcome and the actual impact on the stock price can be influenced by various other factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100