Looking Into Broadcom's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Broadcom Inc. (NYSE:AVGO) has experienced an 11.72% increase in short interest since its last report, with 6.11 million shares sold short, representing 1.62% of its float. The average time to cover these short positions is 2.26 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Broadcom's short interest is below its peer group average of 3.67%.
January 15, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Broadcom's increased short interest may suggest bearish market sentiment, but with only 1.62% of float shorted and being below the peer average, the impact may be limited.
While the rise in short interest for Broadcom indicates that some investors are expecting the stock price to decline, the fact that it is below the peer average and represents a small percentage of the float suggests that the impact on the stock price may be muted in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80