(NVDA) - Analyzing NVIDIA's Short Interest
Portfolio Pulse from Benzinga Insights
NVIDIA Corporation (NVDA) has seen a decrease in short interest, with the short percent of float falling 9.48% since the last report. The current short interest is 24.94 million shares, or 1.05% of the float, with a short covering time of approximately 1.0 days. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 3.71%. However, this does not necessarily predict a near-term rise in NVIDIA's stock price.
December 28, 2023 | 2:00 pm
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NVIDIA's short interest has decreased, suggesting a more bullish sentiment among investors. The short interest is lower than the peer group average, which could be perceived positively by the market.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a positive perception and potentially an increase in stock price. Given that NVIDIA's short interest is below the peer group average, this could be seen as a sign of strength relative to its competitors. 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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IMPORTANCE 75
RELEVANCE 100