Peering Into Palo Alto Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palo Alto Networks (NYSE:PANW) has seen a decrease in short interest, now at 4.04% of its float, down 6.26% from the last report. With 12.93 million shares sold short, it would take about 3.62 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards PANW among investors. Compared to its peers, PANW has a slightly higher short interest percentage of float (4.04% vs. peer average of 3.99%).
March 22, 2024 | 2:15 pm
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Palo Alto Networks's short interest has decreased, indicating a potentially more bullish sentiment from investors. With a short interest of 4.04% and a slight lead over its peer average, this could suggest a positive outlook for PANW in the short term.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For PANW, this decrease, coupled with its slightly higher short interest compared to peers, suggests that while there is interest in shorting the stock, the overall sentiment is shifting positively. This could lead to a short-term increase in stock price as investors may interpret the decrease in short interest as a sign of strength.
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