(QCOM) - Analyzing Qualcomm's Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short percent of float has risen 21.43% since its last report, with 13.24 million shares sold short, which is 1.19% of all regular shares available for trading. It would take traders 1.28 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.67%.
October 26, 2023 | 6:30 pm
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Qualcomm's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, Qualcomm's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong compared to its peers.
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