Peering Into Analog Devices's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Analog Devices (NYSE:ADI) has seen a 5.74% increase in short percent of float since its last report, with 6.38 million shares sold short, representing 1.29% of all regular shares available for trading. This would take traders 1.85 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.67%.
October 23, 2023 | 1:30 pm
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Analog Devices has seen an increase in short interest, which could indicate a bearish sentiment among investors. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that Analog Devices' short interest is less than its peer group average could mitigate this effect.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100