(PLTR) - Analyzing Palantir Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Palantir Technologies (NYSE:PLTR) has seen a 17.49% decrease in short interest since the last report, with 121.15 million shares sold short, representing 6.37% of available shares. The average time to cover these short positions is 1.85 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on PLTR. Compared to its peers, PLTR has a higher short interest percentage of float (6.37% vs. peer average of 3.13%).
December 18, 2023 | 6:45 pm
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Palantir's short interest has decreased, suggesting a more bullish sentiment among investors. With a higher short interest than its peers, this could indicate a potential for a short squeeze if the stock price increases.
The decrease in short interest for Palantir Technologies indicates that investors may be expecting the stock price to rise, which could lead to a short-term positive impact on the stock price. However, the market's reaction to changes in short interest can be unpredictable, and other factors may also influence the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100