How Is The Market Feeling About Affirm Holdings?
Portfolio Pulse from Benzinga Insights
Affirm Holdings (NYSE:AFRM) has seen a decrease in short interest, with 35.29 million shares sold short, representing 17.27% of its float. This is a significant drop of 16.37% from its last report. The current short interest suggests a bullish sentiment among investors, as it takes approximately 2.93 days to cover short positions. Affirm's short interest is notably higher than its peer group average of 4.55%, indicating more bearish sentiment compared to its peers.
February 19, 2024 | 6:45 pm
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Affirm Holdings has experienced a significant decrease in short interest, indicating a potential bullish sentiment among investors. With 17.27% of its float shorted, it's above the peer group average, suggesting higher bearish sentiment compared to its peers but an overall positive short-term outlook due to the recent decrease.
The decrease in short interest for Affirm Holdings suggests that investors are becoming more bullish on the stock. This is further supported by the fact that it takes less than 3 days to cover all short positions, indicating a potential short squeeze or less negative pressure on the stock price in the short term. However, the fact that Affirm's short interest is significantly higher than its peers indicates a need for caution, as it suggests that the market may have had more bearish views on Affirm compared to similar companies.
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