(MNDY) - Analyzing Monday.Com's Short Interest
Portfolio Pulse from Benzinga Insights
Monday.Com's (NYSE:MNDY) short interest has increased by 10.37% since the last report, with 1.59 million shares sold short, representing 6.28% of its float. This indicates a bearish market sentiment towards MNDY, although it doesn't necessarily predict a price drop. Compared to its peers, MNDY has a higher short interest percentage of 6.28% versus the peer group average of 3.87%.
March 18, 2024 | 6:30 pm
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Monday.Com's short interest has increased, indicating a bearish market sentiment. However, this does not necessarily predict a near-term price drop.
While the increase in short interest for MNDY suggests a bearish sentiment among investors, it's important to note that short interest alone does not guarantee a stock's price movement. The comparison with peers indicates MNDY is more heavily shorted, which could lead to increased volatility or a potential short squeeze if the market sentiment shifts positively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100