Looking Into UiPath's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UiPath's (NYSE:PATH) short interest has decreased by 23.89% since the last report, with 18.84 million shares sold short, representing 4.78% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock among investors. UiPath has a higher short interest compared to its peers, with an average of 4.04% in its peer group.
February 28, 2024 | 5:30 pm
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UiPath's short interest has significantly decreased, indicating a potential shift towards a more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For UiPath, this could mean a reduction in bearish bets against the stock, potentially leading to an uptrend in its price in the short term.
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