Looking Into C3.ai's Recent Short Interest
Portfolio Pulse from Benzinga Insights
C3.ai (NYSE:AI) has seen a 12.19% decrease in short interest, now at 34.53 million shares or 37.01% of float, taking 4.07 days to cover. This decline may indicate a more bullish sentiment towards AI. Compared to its peers, AI has a significantly higher short interest, with the average being 6.92%.
March 18, 2024 | 3:00 pm
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C3.ai's short interest has decreased, indicating potentially more bullish sentiment towards the stock. However, its high short interest compared to peers suggests caution.
The decrease in short interest suggests that fewer traders are betting against C3.ai, which could be a positive sign for the stock. However, the fact that it remains significantly higher than its peers' average indicates a level of caution among investors. This mixed signal suggests a cautiously optimistic outlook for C3.ai in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90