Looking Into Rigetti Computing's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rigetti Computing's (NYSE:RGTI) short interest has increased by 16.1%, with 12.59 million shares sold short, representing 10.17% of its float. This indicates a bearish market sentiment, although it's higher than its peer group average of 7.48%. The coverage time for these short positions is approximately 1.62 days.
March 15, 2024 | 8:30 pm
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Rigetti Computing's short interest has risen by 16.1%, indicating a bearish market sentiment towards the stock.
The increase in short interest suggests that investors are expecting the price of RGTI to fall, which could lead to downward pressure on the stock price in the short term. However, the actual impact will depend on broader market conditions and company performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100