Peering Into Workhorse Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Workhorse Group (NYSE:WKHS) has seen a significant decrease in short interest, with a 25.44% drop since the last report. The current short interest stands at 43.76 million shares, or 17.2% of the float. It would take about 3.79 days for traders to cover their short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in the stock price. Workhorse has a higher short interest compared to its peers, with the peer group average at 12.16% of the float.
January 23, 2024 | 7:00 pm
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Workhorse Group's significant drop in short interest may suggest a more bullish sentiment among investors, but it doesn't guarantee a near-term price increase. The stock has a higher short interest than its peers, which could lead to increased volatility.
While the decrease in short interest for WKHS indicates a potential shift towards a more bullish sentiment, the impact on the stock price in the short term is uncertain. The article suggests that a lower short interest does not necessarily mean the stock will rise soon. Additionally, the fact that WKHS has a higher short interest than its peers could lead to increased volatility as the market reacts to this information.
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