Looking Into First Solar's Recent Short Interest
Portfolio Pulse from Benzinga Insights
First Solar (NYSE:FSLR) has seen a 14.49% increase in short interest since its last report, with 4.57 million shares sold short, representing 5.61% of its float. The short interest is higher than the peer group average of 3.54%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop.
December 06, 2023 | 1:00 pm
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First Solar's short interest has increased, which may indicate bearish market sentiment but does not guarantee a near-term price decline.
While the increase in short interest for First Solar suggests that some investors are expecting the price to fall, it is not a definitive predictor of immediate stock price movement. The short interest is also higher than the peer average, which could be a concern, but the article also notes that increasing short interest can sometimes be bullish. Therefore, the impact on the stock price in the short term is uncertain.
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