How Is The Market Feeling About Broadcom?
Portfolio Pulse from Benzinga Insights
Broadcom's (NYSE:AVGO) short percent of float has risen 6.49% since its last report, with 6.34 million shares sold short, which is 1.97% 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, Broadcom has less short interest as a percentage of float (3.63%).
October 26, 2023 | 6:30 pm
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Broadcom's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting against Broadcom, which could put downward pressure on the stock price in the short term. However, the fact that Broadcom 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.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100