(PATH) - Analyzing UiPath's Short Interest
Portfolio Pulse from Benzinga Insights
UiPath's (NYSE:PATH) short interest has increased by 3.02% since the last report, with 17.57 million shares sold short, representing 4.43% of its float. This places UiPath above its peer group average of 4.22% in short interest as a percentage of float. The rise in short interest signals a more bearish market sentiment towards UiPath, though it doesn't necessarily predict a near-term price drop.
April 08, 2024 | 6:15 pm
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UiPath's short interest has increased, indicating a bearish market sentiment. However, this does not necessarily predict a near-term price drop.
The increase in short interest for UiPath suggests a bearish sentiment among investors, which could lead to increased volatility or pressure on the stock price. However, the article also notes that an increase in short interest does not directly predict a near-term price drop, indicating uncertainty about the immediate impact on UiPath's stock price.
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IMPORTANCE 70
RELEVANCE 90