(SKLZ) - Analyzing Skillz's Short Interest
Portfolio Pulse from Benzinga Insights
Skillz Inc. (NYSE:SKLZ) has seen a 10.83% decrease in short interest since its last report, with 1.98 million shares sold short, representing 11.77% of its float. The average time to cover these short positions is 9.67 days. A decrease in short interest can indicate a more bullish sentiment among investors. Skillz has a higher short interest compared to its peer group average of 3.33%.
January 24, 2024 | 5:30 pm
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Skillz's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in stock price as short sellers cover their positions. However, this is not a guaranteed indicator of stock performance and should be considered alongside other market factors.
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