(FSLY) - Analyzing Fastly's Short Interest
Portfolio Pulse from Benzinga Insights
Fastly's (NYSE:FSLY) short interest has decreased by 3.07%, now standing at 7.88 million shares or 6.32% of its float. This decline in short interest could indicate a more bullish sentiment towards FSLY among investors. Compared to its peers, Fastly has a higher short interest percentage of float, with the average being 5.67%. Short interest is a critical metric for gauging market sentiment, and a decrease suggests fewer investors are betting against the stock.
March 22, 2024 | 3:00 pm
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Fastly's short interest has decreased, indicating a potential shift towards a more bullish sentiment among investors. This could lead to a short-term positive impact on FSLY's stock price.
A decrease in short interest typically indicates that fewer investors are betting against the stock, which can lead to a positive sentiment shift. Given that Fastly's short interest is higher than its peers but is decreasing, this could be interpreted as a bullish signal for the stock in the short term.
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