How Is The Market Feeling About Qualcomm?
Portfolio Pulse from Benzinga Insights
Qualcomm (NYSE:QCOM) has seen a 4.92% rise in short interest since its last report, with 14.22 million shares sold short, representing 1.28% of available shares. The short interest is below the peer group average of 3.66%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.
November 14, 2023 | 3:15 pm
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Qualcomm's short interest has increased, but remains below the peer group average, suggesting mixed market sentiment.
The rise in short interest indicates that some investors are bearish on Qualcomm. However, since the short interest is below the peer average, it does not strongly suggest an impending price decline. The impact on the stock price is likely to be neutral in the short term, as the market absorbs this information and considers it against other factors.
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