Looking Into Fair Isaac's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fair Isaac Corporation (NYSE:FICO) has seen a 6.52% increase in its short percent of float since the last report, with 645 thousand shares sold short, representing 3.43% of its available trading shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of a price drop. Compared to its peers, FICO has a lower short interest percentage of 3.43% versus the peer group average of 4.11%, suggesting relatively less bearish sentiment among investors towards FICO.
April 04, 2024 | 2:45 pm
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Fair Isaac's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is below the peer average, suggesting less negativity compared to its peers.
The increase in short interest for FICO suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest might mitigate some negative sentiment compared to its competitors, indicating a mixed impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90