Looking Into Micron Technology's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Micron Technology's (NYSE:MU) short percent of float has risen 30.86% since its last report, with 24.97 million shares sold short, which is 2.29% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Micron Technology has less short interest.
October 05, 2023 | 4:30 pm
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Micron Technology's short percent of float has increased, indicating a potentially bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest for Micron Technology indicates that traders are expecting the stock price to fall. However, the fact that it has less short interest compared to its peers could mean that the market sentiment towards Micron is not as bearish as it is for other similar companies.
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