Looking Into Stem's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Stem, Inc. (NYSE:STEM) has seen a decrease in short interest, with the short percent of float falling 6.95% to 27.3%. This indicates a reduction in bearish sentiment among traders, as it now takes them 11.13 days on average to cover their short positions. Despite this decrease, Stem's short interest remains higher than its peer group average of 12.55%, suggesting a mixed market sentiment.

February 02, 2024 | 8:15 pm
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Stem, Inc.'s short interest has decreased, indicating a potential reduction in bearish sentiment among traders. However, its short interest is still above the peer group average.
A decrease in short interest typically indicates that traders are less bearish on the stock, potentially leading to a short-term price increase. However, the fact that Stem's short interest is significantly higher than its peers' average suggests that there is still a considerable amount of skepticism about the stock's future performance. This mixed sentiment could lead to increased volatility in the short term.
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