Peering Into Palantir Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palantir Technologies (NYSE:PLTR) has seen a decrease in short interest, with the short percent of float dropping by 3.19% since the last report. The company has 155.67 million shares sold short, representing 8.19% of available shares. The average time to cover these short positions is 3.26 days. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. Palantir has a higher short interest than its peer group average of 3.09%.
November 23, 2023 | 4:00 pm
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Palantir Technologies has experienced a decline in short interest, which could be a sign of increasing bullish sentiment among investors. However, the company still has a higher short interest compared to its peers, indicating that caution is warranted.
The decrease in short interest for Palantir Technologies suggests that investors may be less bearish on the stock than before. This could potentially lead to a short-term positive impact on the stock price as the market adjusts to the new sentiment. However, the fact that the short interest is still higher than the peer group average tempers the potential impact, as it indicates that a significant number of investors remain bearish.
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