Looking Into Fisker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fisker's (NYSE:FSR) short interest has decreased by 35.37% since the last report, with 106.07 million shares sold short, representing 28.42% of its float. It would take about 3.13 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise. Fisker's short interest is higher than its peer group average of 9.05%.
January 29, 2024 | 3:30 pm
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Fisker's short interest has significantly decreased, which may suggest a more bullish sentiment among investors or less expectation of a price decline.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a short squeeze if the price starts to rise and short sellers rush to cover their positions. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and investor sentiment.
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