How Is The Market Feeling About N-able?
Portfolio Pulse from Benzinga Insights
N-able (NYSE:NABL) has seen a decrease in short interest, with the short percent of float falling 5.0% to 1.33% of all shares available for trading. This indicates a potential shift in market sentiment towards a more bullish outlook for NABL, as fewer shares are being shorted. The company's short interest is also below its peer group average of 4.18%, suggesting a relatively positive sentiment compared to its peers.
March 05, 2024 | 4:45 pm
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POSITIVE IMPACT
N-able's decrease in short interest to 1.33% of float suggests a more bullish market sentiment, potentially leading to positive short-term price movement.
The decrease in short interest for N-able indicates that fewer traders are betting against the stock, which can be interpreted as a more bullish sentiment towards NABL. This reduction in short interest, especially when it is also lower than the peer group average, suggests that the market may have a more favorable view of NABL's prospects, potentially leading to positive short-term price movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90