(ON) - Analyzing ON Semiconductor's Short Interest
Portfolio Pulse from Benzinga Insights
ON Semiconductor's (NYSE:ON) short interest has decreased by 4.58% since the last report, with 23.74 million shares sold short, representing 8.33% of available shares. The short interest is higher than the peer group average of 3.41%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
December 04, 2023 | 6:30 pm
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ON Semiconductor's short interest has decreased, which may suggest a more bullish sentiment among investors. However, the stock's short interest remains above the peer group average.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the impact is not guaranteed as the article suggests that a decrease in short interest does not necessarily mean the stock will rise. The confidence level is not at the maximum because market sentiment can be unpredictable and influenced by many external factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100