Looking Into ASML Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ASML Holding's (NYSE:ASML) short percent of float has risen 17.95% since its last report, with 1.81 million shares sold short, which is 0.46% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, ASML Holding's short interest as a percentage of float is less, with an average of 6.39%.
October 23, 2023 | 5:15 pm
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ASML Holding's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting against ASML, which could put downward pressure on the stock. However, the fact that ASML's short interest is less than its peers' average could mean that it is less likely to be affected by a potential short squeeze.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100