How Is The Market Feeling About AppLovin?
Portfolio Pulse from Benzinga Insights
AppLovin (NYSE:APP) has seen a 3.08% increase in its short percent of float, now at 12.05% of all shares available for trading. With 17.07 million shares sold short, it would take about 3.52 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards APP, although it doesn't necessarily predict a near-term price drop. Compared to its peers, AppLovin has a significantly higher short interest, suggesting more skepticism about its performance.
March 15, 2024 | 1:15 pm
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AppLovin's short interest has increased to 12.05% of its float, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest suggests that investors are more bearish on AppLovin, potentially leading to higher volatility in its stock price. Given the significant rise in short interest compared to its peers, this could indicate skepticism about the company's near-term prospects, likely impacting its stock price negatively in the short term.
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