How Is The Market Feeling About Zscaler?
Portfolio Pulse from Benzinga Insights
Zscaler (NYSE:ZS) has seen a rise in short interest, with 5.94 million shares sold short, representing 6.64% of available shares. The short percent of float increased by 6.41% since the last report, and it would take about 3.32 days to cover all short positions. High short interest compared to peers may indicate bearish market sentiment but can also be a bullish sign under certain conditions.
December 01, 2023 | 8:30 pm
News sentiment analysis
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NEUTRAL IMPACT
Zscaler's short interest has increased, which could indicate bearish sentiment or potential for a short squeeze if the market turns bullish.
The increase in short interest for Zscaler suggests that investors may be expecting the stock price to decline. However, high short interest can also lead to a short squeeze if the stock price starts to rise, as short sellers rush to cover their positions. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100