How Is The Market Feeling About STMicroelectronics?
Portfolio Pulse from Benzinga Insights
STMicroelectronics's (NYSE:STM) short percent of float has fallen 16.07% since its last report, indicating a more bullish sentiment towards the stock. The company has 4.26 million shares sold short, which is 0.47% of all regular shares available for trading. Compared to its peers, STMicroelectronics has less short interest, with an average of 3.66% for its peer group.

November 03, 2023 | 7:30 pm
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Decrease in short interest indicates a more bullish sentiment towards STMicroelectronics. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a strategy used when traders expect a stock's price to fall. Therefore, a decrease in short interest suggests that fewer traders are expecting the price of STMicroelectronics to fall. Additionally, having less short interest compared to its peers could make the stock more attractive to investors.
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