(MU) - Analyzing Micron Technology's Short Interest
Portfolio Pulse from Benzinga Insights
Micron Technology (NYSE:MU) has seen a decrease in short interest, with the short percent of float dropping 5.88% since the last report. The company has 19.38 million shares sold short, representing 1.76% of available shares, with a cover time of 1.57 days. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term price rise. Micron's short interest is below its peer group average of 3.68%.
December 27, 2023 | 8:00 pm
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Micron Technology's short interest has decreased, which could suggest a more bullish sentiment from investors and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that fewer investors are betting on the stock price to fall, which can reduce selling pressure and potentially lead to a price increase. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a near-term price rise.
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