Looking Into Mobileye Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mobileye Global's (NYSE:MBLY) short percent of float has risen 11.79% since its last report, with 15.48 million shares sold short, which is 23.32% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.
October 17, 2023 | 1:00 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Increased short interest in Mobileye Global indicates that more traders are betting on the stock's price to fall. However, this could potentially be bullish for the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish. However, sometimes an increase in short interest can be bullish for a stock, as it could lead to a short squeeze if the stock's price starts to rise and short sellers scramble to cover their positions.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100