How Is The Market Feeling About Wolfspeed?
Portfolio Pulse from Benzinga Insights
Wolfspeed (NYSE:WOLF) has seen an 8.62% increase in its short percent of float since the last report, with 17.00 million shares sold short, representing 18.77% of available shares. This indicates a bearish market sentiment towards WOLF, although it's not a definitive predictor of a price drop. Wolfspeed's short interest is higher than its peer group average of 8.13%, suggesting more bearish sentiment compared to its peers.
February 08, 2024 | 2:45 pm
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Wolfspeed's increased short interest to 18.77% of its float suggests a bearish market sentiment, potentially impacting its stock price negatively in the short term.
An increase in short interest often indicates that investors are expecting the stock price to fall. Given that Wolfspeed's short interest is significantly higher than its peers, this could lead to increased selling pressure, potentially driving the stock price down in the short term.
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