Peering Into Nano Dimension's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nano Dimension (NYSE:NNDM) has seen a decrease in short interest, with the current short percent of float at 5.82%, representing 13.54 million shares. The short interest has fallen by 8.49% since the last report, and it would take about 7.78 days for traders to cover their short positions based on average trading volume. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term rise in stock price. Nano Dimension's short interest is below its peer group average of 6.86%.
January 23, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nano Dimension's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this does not necessarily imply an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price. However, the impact on the stock price is not immediate and can be influenced by various other market factors. The confidence level is not at 100 because the correlation between short interest and stock price is not always direct and can be affected by broader market trends.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100