Looking Into ON Semiconductor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ON Semiconductor's (NYSE:ON) short percent of float has risen 3.06% since its last report, with 26.00 million shares sold short, which is 9.1% of all regular shares available for trading. It would take traders 5.82 days to cover their short positions on average. The company's short interest is higher than most of its peers, with an average of 3.31%.
October 13, 2023 | 4:15 pm
News sentiment analysis
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ON Semiconductor's short interest has increased, indicating a bearish sentiment among traders. However, this does not necessarily mean the stock price will fall in the near term.
An increase in short interest usually indicates a bearish sentiment among traders, as they are betting that the stock price will fall. However, this is not a definitive indicator of a stock's future performance, and other factors should also be considered.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100