Looking Into Qualcomm's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short interest has decreased by 17.9% since the last report, with 14.82 million shares sold short, representing 1.33% of available shares. The average time to cover these short positions is 1.66 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Qualcomm's short interest is below its peer group average of 3.70%.
December 27, 2023 | 7:45 pm
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Qualcomm's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a positive impact on the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise, so while the impact is likely positive, there is some uncertainty.
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