Peering Into Intel's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intel Corporation (NYSE:INTC) has seen a 10% decrease in short interest, with 56.84 million shares sold short, representing 1.35% of its float. The average time to cover these short positions is 1.34 days. This decline in short interest may indicate a more bullish sentiment among investors compared to Intel's peers, which have an average short interest of 3.66% of float.
November 17, 2023 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Intel's short interest has decreased, suggesting a potentially more bullish market sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to a short-term increase in its price as short sellers cover their positions. However, the article also cautions that this does not necessarily mean the stock will rise, indicating that while the sentiment is more bullish, other market factors will also play a role in the stock's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100