Peering Into Zscaler's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zscaler's (NYSE:ZS) short interest has increased by 3.92% since the last report, with 5.29 million shares sold short, representing 5.83% of its float. It would take about 3.05 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards ZS, although it's higher than its peer group average of 3.97% short interest as a percentage of float.
February 19, 2024 | 7:15 pm
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NEUTRAL IMPACT
Zscaler's short interest has risen, indicating a bearish market sentiment. However, this could also suggest potential bullish outcomes if the stock defies expectations.
The increase in short interest for Zscaler suggests a bearish sentiment among investors, which could pressure the stock price in the short term. However, high short interest can also lead to a short squeeze if the stock performs well, potentially driving prices up. The impact is considered neutral due to these opposing potential outcomes.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100