How Is The Market Feeling About Zscaler?
Portfolio Pulse from Benzinga Insights
Zscaler (NYSE:ZS) has seen a 9.09% increase in short interest since the last report, with 5.58 million shares sold short, representing 6.24% of available shares. It would take about 3.99 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Zscaler has a higher short interest than its peer group average of 4.82%.
November 14, 2023 | 1:15 pm
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Zscaler's increased short interest suggests bearish market sentiment, but it's not a definitive predictor of stock price movement. The stock may face volatility if traders react to this sentiment.
While the rise in short interest indicates a bearish outlook from some investors, it's not always accurate in predicting stock price declines. The market's reaction to this news could cause short-term volatility, but the impact is uncertain without additional context.
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