Peering Into Etsy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Etsy (NYSE:ETSY) has experienced a 9.61% increase in short interest since its last report, with 14.60 million shares sold short, representing 13.91% of its float. It would take about 3.49 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Etsy's short interest is higher than its peer group average of 10.11%.
January 25, 2024 | 2:45 pm
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Etsy's increased short interest suggests bearish market sentiment, which could lead to increased volatility and potential downward pressure on the stock price in the short term.
The rise in short interest for Etsy indicates that a significant number of traders are betting against the stock, which could lead to a short-term negative impact on its price. However, this is not a guaranteed indicator of a price drop, as short squeezes or other market dynamics could influence the outcome.
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