(RKLB) - Analyzing Rocket Lab USA's Short Interest
Portfolio Pulse from Benzinga Insights
Rocket Lab USA (NYSE:RKLB) has seen a 6.76% increase in its short percent of float since the last report, reaching 17.38% of all shares available for trading. With 50.70 million shares sold short, it would take approximately 7.08 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards RKLB, although it doesn't necessarily predict a near-term price drop. Compared to its peers, RKLB has a higher short interest percentage, suggesting more bearish sentiment than average within its peer group.
April 01, 2024 | 2:00 pm
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Rocket Lab USA's short interest has increased, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest for RKLB suggests that investors are more bearish on the stock, potentially leading to increased volatility as traders may attempt to cover their positions, especially given the 7.08 days required on average to cover. However, high short interest can sometimes lead to a short squeeze, causing rapid price increases if the stock moves contrary to bearish expectations.
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