Peering Into Fiverr Intl's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fiverr Intl (NYSE:FVRR) has experienced a 16.34% increase in short interest since its last report, with 4.87 million shares sold short, representing 14.88% of its float. It would take about 6.25 days to cover all short positions based on current trading volume. This rise in short interest may indicate a bearish market sentiment towards FVRR, although it does not necessarily predict a price drop. FVRR's short interest is significantly higher than its peer group average of 5.01%.
January 31, 2024 | 3:15 pm
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Fiverr Intl's short interest has increased significantly, suggesting a bearish sentiment among investors. However, high short interest can sometimes lead to a short squeeze if the stock price starts to rise.
The increase in short interest indicates that investors are expecting the price of FVRR to fall, which could lead to downward pressure on the stock in the short term. However, if the market sentiment changes or if there is positive news, there could be a short squeeze, which would drive the price up due to short sellers covering their positions.
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