How Is The Market Feeling About Mobileye Global?
Portfolio Pulse from Benzinga Insights
Mobileye Global's (NYSE:MBLY) short percent of float has risen 11.79% since its last report, with 15.48 million shares sold short, which is 23.32% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. Mobileye Global's peer group average for short interest as a percentage of float is 5.02%, indicating the company has more short interest than most of its peers.
September 29, 2023 | 8:45 pm
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Mobileye Global's short percent of float has risen 11.79%, indicating a bearish sentiment among investors. The company has more short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of Mobileye Global's stock to fall. This bearish sentiment, coupled with the fact that the company has more short interest than most of its peers, could put downward pressure on the stock price in the short term.
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