How Is The Market Feeling About Zoom Video Comms?
Portfolio Pulse from Benzinga Insights
Zoom Video Communications (NYSE:ZM) has seen a 5.03% increase in short interest since the last report, with 16.13 million shares sold short, representing 6.27% of available shares. The short interest is higher than the peer group average of 3.33%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Traders would need approximately 2.48 days to cover their short positions based on current trading volume.
January 01, 2024 | 6:15 pm
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Zoom Video Communications has experienced an increase in short interest, which may suggest bearish market sentiment but also presents a potential for a short squeeze if the stock were to rise unexpectedly.
While the increase in short interest for Zoom Video Communications indicates that some investors are expecting the stock price to decline, it is not a definitive predictor of immediate stock movement. The higher short interest compared to peers suggests that the market is more bearish on ZM, but this could also lead to a short squeeze if positive news or unexpected events cause the stock price to increase, forcing short sellers to cover their positions.
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