Looking Into 23andMe Holding's Recent Short Interest
Portfolio Pulse from Benzinga Insights
23andMe Holding (NYSE:ME) has seen a decrease in short interest, with the short percent of float falling 5.29% to 10.21%. This indicates fewer shares are being shorted, suggesting a potential shift in market sentiment towards the stock. Despite this decrease, 23andMe has a higher short interest than its peer group average of 6.65%, indicating more bearish sentiment compared to its peers.
March 29, 2024 | 2:30 pm
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23andMe Holding's short interest has decreased, indicating a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest typically suggests that investors are becoming less bearish on a stock, potentially leading to an increase in its price in the short term. Given that 23andMe's short interest has fallen significantly, this could indicate a positive shift in investor sentiment towards the stock. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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