Looking Into Zscaler's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zscaler's (NYSE:ZS) short percent of float has fallen 8.58% since its last report, with 5.34 million shares sold short, which is 5.97% of all regular shares available for trading. It would take traders 2.05 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Zscaler's peer group average for short interest as a percentage of float is 5.03%, which means the company has more short interest than most of its peers.
October 11, 2023 | 7:30 pm
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Zscaler's short percent of float has decreased, indicating a more bullish sentiment among investors. The company has more short interest than most of its peers.
The decrease in short interest indicates that investors are less bearish on Zscaler, which could lead to an increase in the stock price. However, the company still has more short interest than most of its peers, which could limit the potential upside.
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