Peering Into Palantir Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palantir Technologies (NYSE:PLTR) has seen a decrease in short interest, with the short percent of float dropping 6.65% since the last report. The current short interest is 101.39 million shares, or 5.33% of the float, with a short covering time of 2.47 days. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term price increase. Palantir has a higher short interest compared to its peers, with an average of 3.05% in the peer group.
January 19, 2024 | 7:45 pm
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Palantir Technologies has experienced a decrease in short interest, which could suggest a more bullish sentiment from investors and potentially less downward pressure on the stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could reduce selling pressure and lead to a potential increase 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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