(ADI) - Analyzing Analog Devices's Short Interest
Portfolio Pulse from Benzinga Insights
Analog Devices (NYSE:ADI) has seen a 13.01% decrease in short interest since its last report, with 6.29 million shares sold short, representing 1.27% of its float. The average time to cover these short positions is 1.86 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ADI's short interest is below its peer group average of 3.66%.
November 22, 2023 | 1:15 pm
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Analog Devices's short interest has decreased, which may suggest a more bullish sentiment among investors. The stock has less short interest compared to its peers, potentially indicating relative strength.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a short-term positive impact on the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not indicate a guaranteed price movement.
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