Looking Into Cloudflare's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cloudflare's (NYSE:NET) short interest has decreased by 20.94% since the last report, with 12.01 million shares sold short, representing 4.53% of its float. This decrease in short interest could indicate a more bullish sentiment towards NET, contrasting with the peer group average of 5.79% short interest. The article suggests monitoring short interest as it reflects market sentiment and can influence stock performance.
March 26, 2024 | 2:00 pm
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Cloudflare's short interest has significantly decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects. For Cloudflare, this reduction in short interest could lead to a positive short-term impact on its stock price as it indicates a shift towards a more bullish sentiment among traders and investors.
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