How Is The Market Feeling About MongoDB?
Portfolio Pulse from Benzinga Insights
MongoDB's (NYSE:MDB) short percent of float has fallen 9.3% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.58 million shares sold short, which is 5.85% of all regular shares available for trading. This is higher than the average short interest of its peer group, which stands at 5.41%.
October 09, 2023 | 1:00 pm
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The decrease in MongoDB's short percent of float suggests a more bullish sentiment towards the stock. However, its short interest is higher than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it suggests fewer investors are betting on the stock's price to fall. However, MongoDB's short interest being higher than its peer group average could suggest that it is still viewed more skeptically than similar companies.
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