Peering Into Coupang's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coupang (NYSE:CPNG) has seen a 13.04% decrease in short interest since its last report, with 15.41 million shares sold short, representing 1.4% of its float. The average time to cover these short positions is 1.26 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Coupang's short interest is below its peer group average of 10.94%.
January 02, 2024 | 1:15 pm
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Coupang's short interest has decreased, suggesting a potential improvement in market sentiment and possibly less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could reduce selling pressure and potentially lead to a rise in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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