Looking Into Intel's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intel's (NYSE:INTC) short percent of float has risen 9.52% since its last report, with 67.26 million shares sold short, which is 1.61% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Intel's short interest as a percentage of float is less than its peer group average of 3.65%.
October 12, 2023 | 3:30 pm
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Intel's short percent of float has increased, indicating a bearish sentiment. However, it's less than its peer group average.
The increase in short interest indicates that traders are expecting the price of Intel's stock to fall. However, the fact that Intel's short interest is less than its peer group average could mean that the bearish sentiment is not as strong as it is for other similar companies.
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