(FICO) - Analyzing Fair Isaac's Short Interest
Portfolio Pulse from Benzinga Insights
Fair Isaac Corporation (NYSE:FICO) has seen a 7.08% increase in short interest since its last report, with 662 thousand shares sold short, representing 3.78% of its float. It would take about 2.92 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Fair Isaac has a higher short interest than its peer group average of 3.32%.
January 10, 2024 | 2:15 pm
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Fair Isaac's increased short interest suggests that investors may be bearish on the stock. However, this does not necessarily mean the stock price will fall, as high short interest can sometimes lead to a short squeeze if the stock moves upward.
The rise in short interest for FICO indicates a bearish sentiment among some investors, which could lead to increased volatility in the stock price. However, the impact is not straightforward as high short interest can also lead to a short squeeze, which would push the price up if the stock were to rise and shorts were forced to cover.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 100