How Is The Market Feeling About Mobileye Global?
Portfolio Pulse from Benzinga Insights
Mobileye Global's (NYSE:MBLY) short percent of float has decreased by 9.31% since its last report, with 16.87 million shares sold short. This represents 25.41% of all regular shares available for trading. The average time to cover these short positions is 5.67 days. The company's short interest is higher than its peer group average of 5.64%.
November 06, 2023 | 6:00 pm
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Mobileye Global's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, its short interest is still higher than its peer group average.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer traders are betting on the stock's price to fall. However, Mobileye Global's short interest is still higher than its peer group average, suggesting that there may still be some bearish sentiment towards the company.
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IMPORTANCE 75
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