Looking Into Roku's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Roku's (NYSE:ROKU) short interest has increased by 6.88%, with 9.68 million shares sold short, representing 8.55% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Roku's short interest is higher than its peer group average of 5.72%, suggesting more bearish sentiment compared to its peers.
April 17, 2024 | 7:30 pm
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Roku's increased short interest to 8.55% of its float suggests a bearish market sentiment, potentially impacting its stock price in the short term.
An increase in short interest often indicates that investors are expecting the stock price to decline. With Roku's short interest rising above its peer average, this could lead to increased selling pressure, potentially affecting its stock price negatively in the short term.
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