Looking Into Infobird Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Infobird Co (NYSE:IFBD) has seen a 63.27% decrease in short interest, now at 77 thousand shares or 0.72% of float, indicating a potential shift in market sentiment towards more bullish views. The short interest is below its peer group average of 2.50%, suggesting less bearish sentiment compared to its peers.
March 19, 2024 | 7:00 pm
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Infobird Co's significant decrease in short interest could indicate a shift towards a more bullish sentiment among investors, potentially leading to short-term price stability or increase.
A decrease in short interest typically suggests that investors are becoming less bearish, potentially leading to less selling pressure and possibly an increase in stock price. Given the significant drop in short interest for IFBD, this could indicate a positive shift in investor sentiment towards the stock, potentially leading to short-term price appreciation.
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