How Is The Market Feeling About Roku?
Portfolio Pulse from Benzinga Insights
Roku's (NYSE:ROKU) short interest has decreased by 12.04% since the last report, with 9.43 million shares sold short, representing 8.33% of its float. This decrease in short interest could indicate a more bullish sentiment towards the stock, despite it not guaranteeing a near-term price rise. Roku's short interest is higher than its peer group average of 6.81%, suggesting more bearish sentiment compared to its peers.
March 12, 2024 | 7:30 pm
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Roku's short interest has decreased, indicating a potential increase in bullish sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Roku, this decrease could lead to a short-term positive impact on its stock price as it reflects a more bullish sentiment among traders and investors. However, the actual impact on the stock price will also depend on broader market conditions and company-specific news.
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