Peering Into STMicroelectronics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
STMicroelectronics (NYSE:STM) has seen a 12.77% decrease in short interest, with 3.69 million shares sold short, representing 0.41% of available shares. The average time to cover these short positions is 1.0 days. A decrease in short interest may indicate a more bullish sentiment towards STM compared to an increase, which could suggest bearish sentiment. STM's short interest is below its peer group average of 3.70%.
November 21, 2023 | 1:15 pm
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STMicroelectronics's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price as the market sentiment improves. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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