Peering Into Twilio's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Twilio's (NYSE:TWLO) short interest has decreased by 16.49% since the last report, with 2.84 million shares sold short, representing 1.57% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 6.81%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.
April 15, 2024 | 3:00 pm
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Twilio's short interest decrease suggests a bullish market sentiment, potentially leading to a positive short-term price movement.
The decrease in short interest for Twilio indicates that fewer traders are betting against the stock, which often correlates with a positive outlook on the stock's price. Given that Twilio's short interest is significantly lower than its peer group average, this suggests a stronger bullish sentiment specifically towards Twilio compared to its peers. This could lead to a short-term increase in its stock price as market sentiment shifts.
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IMPORTANCE 75
RELEVANCE 90