How Is The Market Feeling About Monolithic Power Systems?
Portfolio Pulse from Benzinga Insights
Monolithic Power Systems (NYSE:MPWR) has seen a 15.25% increase in short interest since the last report, with 1.47 million shares sold short, representing 4.08% of available shares. It would take about 3.34 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. MPWR has a higher short interest than its peer group average of 3.63%.
January 03, 2024 | 1:15 pm
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Monolithic Power Systems has experienced an increase in short interest, which may suggest bearish market sentiment but does not guarantee a price decline.
The increase in short interest for MPWR indicates that investors may be expecting the stock price to fall, which could lead to increased selling pressure. However, the article also suggests that high short interest does not necessarily mean that the stock will decline in the near term. Therefore, the impact on the stock price is uncertain, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100