How Is The Market Feeling About Qualcomm?
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short interest has increased by 24.63% since the last report, with 18.67 million shares sold short, representing 1.67% of its float. This indicates a bearish market sentiment towards QCOM, although it has less short interest compared to its peers' average of 4.03%. The article suggests that an increase in short interest does not necessarily predict a near-term price fall.
March 15, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Qualcomm's short interest has risen by 24.63%, indicating increased bearish sentiment among investors. However, it remains below the peer average.
The increase in short interest suggests that investors are more bearish on QCOM. However, since it's below the peer average, this might not strongly impact the stock price in the short term. Additionally, the article hints that increased short interest doesn't necessarily lead to a price drop, adding complexity to the prediction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100