Looking Into Zscaler's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zscaler's (NYSE:ZS) short interest has decreased by 6.49% since the last report, with 5.23 million shares sold short, representing 5.76% of available shares. It would take about 4.42 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Zscaler has a higher short interest than its peer group average of 4.04%.
January 23, 2024 | 4:15 pm
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Zscaler's short interest has decreased, which may indicate a more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise, indicating that while the sentiment is more bullish, other factors could still influence the stock's performance.
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