(APLD) - Analyzing Applied Digital's Short Interest
Portfolio Pulse from Benzinga Insights
Applied Digital's (NYSE:APLD) short interest has decreased by 12.2% since the last report, with 17.55 million shares sold short, representing 18.13% of its float. This decline in short interest could indicate a more bullish sentiment towards APLD among traders. Compared to its peers, APLD has a significantly higher short interest percentage of float, with an average of 4.94% among its peers.
March 20, 2024 | 7:30 pm
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Applied Digital's short interest has decreased, indicating a potential bullish sentiment among traders. The high short interest compared to peers suggests APLD is under more scrutiny but could also mean a stronger rebound if the sentiment continues to improve.
The decrease in short interest for APLD suggests that traders are becoming more bullish on the stock, potentially leading to a short-term price increase. The comparison with peers highlights APLD's unique position and the possibility of a stronger market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90