Peering Into Palo Alto Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palo Alto Networks's (NYSE:PANW) short percent of float has risen 4.12% since its last report, with 21.02 million shares sold short, which is 7.08% of all regular shares available for trading. It would take traders 9.34 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Palo Alto Networks's peer group average for short interest as a percentage of float is 4.98%, which means the company has more short interest than most of its peers.
October 09, 2023 | 1:00 pm
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Palo Alto Networks has seen a rise in short interest, indicating a potentially bearish sentiment among investors. The company has more short interest than most of its peers.
The rise in short interest for Palo Alto Networks indicates that more investors are betting on the stock's price to fall. This could put downward pressure on the stock in the short term. Furthermore, the company has a higher short interest than most of its peers, which could make it more susceptible to a short squeeze, a situation where a stock's price increases rapidly due to high demand from short sellers needing to cover their positions.
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