How Is The Market Feeling About Broadcom?
Portfolio Pulse from Benzinga Insights
Broadcom's (NYSE:AVGO) short percent of float has risen 6.49% since its last report, with 6.34 million shares sold short, which is 1.97% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Broadcom's peer group average for short interest as a percentage of float is 3.63%, which means the company has less short interest than most of its peers.
October 10, 2023 | 2:15 pm
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Broadcom's short percent of float has increased, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short percent of float indicates that more investors are betting against Broadcom, which could put downward pressure on the stock price in the short term. However, the fact that Broadcom has less short interest than most of its peers could mitigate this effect to some extent.
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