Peering Into CrowdStrike Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CrowdStrike Holdings (NYSE:CRWD) has seen a 7.14% increase in short interest since its last report, with 6.63 million shares sold short, representing 3.0% of its float. It would take about 1.5 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. CrowdStrike has less short interest compared to its peer group average of 4.63%.
December 26, 2023 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
CrowdStrike's short interest has increased, which may indicate bearish sentiment among investors. However, with short interest below its peer group average, the impact may be muted.
The rise in short interest suggests that some investors are expecting the price of CRWD to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer group average, this may not be a strong bearish signal. Additionally, some investors interpret high short interest as a potential for a short squeeze, which could drive the price up if the stock moves positively, leading to a neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80