How Is The Market Feeling About Qualcomm?
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short percent of float has risen 21.43% since its last report, with 13.24 million shares sold short, which is 1.19% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Qualcomm'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 09, 2023 | 7:45 pm
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Qualcomm's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that Qualcomm's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that Qualcomm has less short interest than most of its peers could mitigate this effect.
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