Looking Into GoPro's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GoPro's (NYSE:GPRO) short interest has increased by 6.46% since the last report, with 7.16 million shares sold short, representing 5.77% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. GoPro's short interest is higher than its peer group average of 2.07%.
February 15, 2024 | 7:45 pm
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GoPro's short interest has increased, indicating a bearish sentiment among investors. However, this does not necessarily predict a near-term price drop.
The increase in short interest suggests that investors are more bearish on GoPro, potentially leading to downward pressure on the stock price in the short term. However, the actual impact on the stock price will depend on broader market conditions and company performance.
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