Peering Into ZoomInfo Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ZoomInfo Technologies (NYSE:ZI) has experienced a 14.45% increase in short interest since its last report, with 15.89 million shares sold short, representing 5.07% of its float. The short interest is below the peer group average of 6.19%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.
December 08, 2023 | 4:15 pm
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ZoomInfo Technologies has seen a rise in short interest, which could indicate bearish market sentiment but is still below its peer average. This may not necessarily lead to a near-term price drop.
While the increase in short interest suggests that some investors are expecting the price of ZoomInfo's stock to fall, the article also notes that this does not guarantee a near-term price decline. Additionally, the short interest is less than the peer group average, which could mitigate concerns. Therefore, the short-term impact is likely neutral until further market sentiment or company performance indicators emerge.
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