How Is The Market Feeling About Palantir Technologies?
Portfolio Pulse from Benzinga Insights
The short percent of float for Palantir Technologies (NYSE:PLTR) has decreased by 5.05% since its last report, with 159.04 million shares sold short, representing 8.46% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, compared to its peers, Palantir has a higher short interest as a percentage of float, which is 3.11% on average.
November 03, 2023 | 7:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Palantir Technologies. However, its higher short interest compared to peers might be a concern.
A decrease in short interest usually indicates a more bullish sentiment as fewer investors are betting on the stock's price to fall. However, Palantir's higher short interest compared to its peers could indicate that investors are more bearish on Palantir than on its peers, which could put downward pressure on the stock.
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