Looking Into GLOBALFOUNDRIES's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES's (NYSE:GFS) short percent of float has risen 5.48% since its last report, with 12.31 million shares sold short, which is 14.81% of all regular shares available for trading. This indicates that more shares are being shorted, which could signal a bearish sentiment towards the stock. However, it's important to note that an increase in short interest can also be bullish for a stock.
October 04, 2023 | 6:00 pm
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Increased short interest in GLOBALFOUNDRIES could indicate a bearish sentiment, potentially impacting the stock price negatively in the short term. However, it could also be a bullish sign.
The increase in short interest could indicate that traders expect the price of GFS to fall, which could put downward pressure on the stock. However, if the price doesn't fall as expected, a short squeeze could occur, driving the price up.
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