(PINS) - Analyzing Pinterest's Short Interest
Portfolio Pulse from Benzinga Insights
Pinterest's (NYSE:PINS) short interest has decreased by 4.49% since the last report, with 28.96 million shares sold short, representing 4.89% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 6.55%. The decrease in short interest indicates fewer traders are betting against the stock, which could influence its short-term price movement.
March 11, 2024 | 1:45 pm
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Pinterest's decrease in short interest suggests a more bullish sentiment among investors, potentially leading to positive short-term price movement.
The decrease in short interest for Pinterest indicates that fewer traders are betting against the stock, which often correlates with a more positive outlook among investors. This change in market sentiment could lead to an increase in the stock's price in the short term, especially since it is performing better than its peer average.
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