How Is The Market Feeling About Micron Technology?
Portfolio Pulse from Benzinga Insights
Micron Technology's (NYSE:MU) short percent of float has risen 30.86% since its last report, with 24.97 million shares sold short, which is 2.29% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Micron Technology has less short interest as a percentage of float (3.62%).
October 24, 2023 | 2:45 pm
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Micron Technology's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short percent of float indicates that more investors are betting against Micron Technology, which could put downward pressure on the stock price in the short term. However, the fact that it has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price compared to other companies in the same industry.
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