(INTC) - Analyzing Intel's Short Interest
Portfolio Pulse from Benzinga Insights
Intel's (NYSE:INTC) short interest has increased by 4.91% since the last report, with 72.37 million shares sold short, representing 1.71% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 4.47% short interest. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.
March 29, 2024 | 3:30 pm
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Intel's short interest has increased, indicating a bearish sentiment but still below its peer average.
The increase in short interest suggests a bearish sentiment towards Intel, but being below the peer average could imply that the market sentiment is not as negative as it appears. This mixed signal makes it challenging to predict a clear short-term price direction.
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