Peering Into KLA's Recent Short Interest
Portfolio Pulse from Benzinga Insights
KLA Corporation (NYSE:KLAC) has experienced a 16.06% decrease in short interest since its last report, with 2.20 million shares sold short, representing 1.62% of its float. The average time to cover these short positions is 3.27 days. A decrease in short interest can indicate a more bullish sentiment among investors. KLA's short interest is below its peer group average of 6.66%.
January 15, 2024 | 2:00 pm
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KLA's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
The decrease in short interest for KLA suggests that bearish sentiment is waning, which could lead to less selling pressure and potentially a rise in the stock price. However, short interest is just one indicator and does not guarantee stock movement.
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