(MRVL) - Analyzing Marvell Tech's Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Tech's (NYSE:MRVL) short percent of float has fallen 17.05% since its last report, with 15.67 million shares sold short, which is 2.14% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Marvell Tech has less short interest as a percentage of float, with an average of 3.63%.
October 23, 2023 | 3:00 pm
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Marvell Tech's decrease in short interest could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. Compared to its peers, Marvell Tech has less short interest, which could be seen as a positive sign by investors.
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