(CRWD) - Analyzing CrowdStrike Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
CrowdStrike Holdings (NYSE:CRWD) has seen a 14.29% increase in short interest since the last report, with 6.15 million shares sold short, representing 2.8% of available shares. It would take about 2.25 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, CRWD has less short interest compared to its peers' average of 4.76%. The rise in short interest doesn't necessarily predict a price drop.
December 07, 2023 | 5:00 pm
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NEUTRAL IMPACT
CrowdStrike's short interest has increased, which may indicate bearish sentiment, but it remains below the peer group average. This could lead to increased volatility in the short term.
While the increase in short interest suggests that some investors are expecting the price to fall, the fact that CRWD's short interest is below the peer average could mitigate the impact. The article suggests that increased short interest does not necessarily lead to a price drop, which makes the short-term impact neutral but with potential for increased volatility.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80