How Is The Market Feeling About ZoomInfo Technologies?
Portfolio Pulse from Benzinga Insights
ZoomInfo Technologies (NYSE:ZI) has seen a 16.08% increase in its short percent of float since the last report, with 15.42 million shares sold short, representing 4.91% of available shares. This indicates a bearish sentiment among investors, although it's below the peer group average of 6.83%. Short interest can serve as a market sentiment indicator, and an increase suggests investors are expecting the stock price to fall.
February 29, 2024 | 1:30 pm
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ZoomInfo Technologies has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, it remains below its peer group average for short interest.
The increase in short interest for ZoomInfo Technologies suggests that investors are becoming more bearish on the stock, expecting its price to decrease. This could lead to downward pressure on the stock price in the short term. However, the fact that it's below the peer group average might mitigate some negative impact, as it indicates that ZoomInfo is not as heavily shorted compared to its peers. This analysis is based on the reported increase in short interest and its comparison with peer averages.
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