Peering Into Intel's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intel Corporation (NYSE:INTC) has experienced a 5.92% increase in short interest since its last report, with 75.61 million shares sold short, representing 1.79% of its float. The average time to cover these short positions is 1.88 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Intel's short interest is below its peer group average of 3.68%.
December 25, 2023 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Intel's increased short interest suggests bearish market sentiment, but it remains below the peer average, indicating less bearish sentiment compared to its peers.
The rise in short interest for Intel may lead to negative investor sentiment in the short term, potentially putting downward pressure on the stock price. However, since the short interest is below the peer average, the impact may be less severe compared to its competitors. The short-term impact is negative but not necessarily indicative of a significant price drop.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80