Peering Into KLA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KLA's (NYSE:KLAC) short percent of float has risen 14.72% since its last report, with 2.54 million shares sold short, which is 1.87% of all regular shares available for trading. It would take traders 2.83 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KLA's peer group average for short interest as a percentage of float is 6.57%, which means the company has less short interest than most of its peers.
November 02, 2023 | 4:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
KLA's short percent of float has risen 14.72%, indicating a bearish sentiment among investors. However, compared to its peers, KLA has less short interest.
The increase in short interest indicates that investors are expecting the price of KLA's stock to fall. However, the fact that KLA has less short interest than its peers could mean that the bearish sentiment is not as strong for KLA as it is for other companies in its peer group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100