How Is The Market Feeling About Monolithic Power Systems?
Portfolio Pulse from Benzinga Insights
Monolithic Power Systems (NYSE:MPWR) has seen a decrease in short interest, with the short percent of float dropping 20.86% since the last report. The company has 1.06 million shares sold short, representing 2.96% of available shares. The current short interest is below the peer group average of 3.58%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
November 15, 2023 | 7:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Monolithic Power Systems has a lower short interest than its peers, which may suggest a more bullish market sentiment towards the stock.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price. However, the article also cautions that this does not guarantee a near-term rise in stock price. The confidence score is not at the maximum because the short-term market behavior can be influenced by many other factors.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80