Looking Into Fastly's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fastly's (NYSE:FSLY) short interest has increased by 6.89% since the last report, with 7.91 million shares sold short, representing 6.52% of its float. This indicates a bearish market sentiment towards FSLY, although it's higher than its peer group average of 5.65%. The article suggests that an increase in short interest doesn't necessarily predict a price drop.
February 21, 2024 | 5:45 pm
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Fastly's short interest has risen, indicating a bearish sentiment but also suggesting potential bullish outcomes if the market corrects.
The increase in short interest for Fastly suggests a bearish sentiment among investors, which could lead to short-term price pressure. However, the article also hints at the possibility of a bullish outcome if the market sentiment shifts, making the short-term impact neutral.
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