Looking Into Qualys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualys, Inc. (NYSE:QLYS) has seen a 9.91% increase in its short percent of float since the last report, reaching 11.76% of all shares available for trading. With 3.79 million shares sold short, it would take about 7.49 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards QLYS, although it doesn't necessarily predict a price drop. Compared to its peers, Qualys has a significantly higher short interest, with the average for its peer group being 3.91%.
April 02, 2024 | 5:15 pm
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Qualys's short interest has increased to 11.76%, indicating a bearish market sentiment. This is significantly higher than its peer average of 3.91%.
The increase in short interest for Qualys suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term, potentially impacting the stock price negatively. The comparison with its peers further highlights the bearish sentiment, as Qualys's short interest is significantly higher than the average.
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IMPORTANCE 75
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