How Is The Market Feeling About Snowflake?
Portfolio Pulse from Benzinga Insights
Snowflake's (NYSE:SNOW) short percent of float has fallen 15.61% since its last report, with 9.29 million shares sold short, which is 2.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Snowflake. Compared to its peers, Snowflake has less short interest as a percentage of float, with an average of 5.55%.
October 16, 2023 | 4:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Snowflake. The company's short interest is lower than its peers' average.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Snowflake's short interest is lower than its peers' average, which could be a positive sign for the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100