Peering Into GLOBALFOUNDRIES's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GLOBALFOUNDRIES's (NYSE:GFS) short percent of float has risen 5.48% since its last report, with 12.31 million shares sold short, which is 14.81% 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. Compared to its peers, GLOBALFOUNDRIES has a higher short interest.
October 20, 2023 | 4:30 pm
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NEUTRAL IMPACT
GLOBALFOUNDRIES's short percent of float has increased, indicating a potential bearish sentiment among traders. However, high short interest can sometimes be bullish.
The increase in short interest indicates that more traders are betting on GLOBALFOUNDRIES's stock price to fall. However, this can sometimes be a bullish signal as it means there could be a short squeeze if the stock price increases, forcing short sellers to buy back the stock to cover their positions, which can further drive up the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100