(ADI) - Analyzing Analog Devices's Short Interest
Portfolio Pulse from Benzinga Insights
Analog Devices's (NYSE:ADI) short percent of float has risen 5.74% since its last report, with 6.38 million shares sold short, which is 1.29% of all regular shares available for trading. It would take traders 1.85 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, ADI's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.
October 05, 2023 | 1:15 pm
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An increase in short interest in Analog Devices could indicate a bearish sentiment among investors. However, its short interest is less than its peers' average, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that ADI's short interest is less than its peers' average could mean that the bearish sentiment is not as strong for ADI as it is for its peers. This could potentially limit any negative impact on ADI's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100