Looking Into ChargePoint Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ChargePoint Holdings (NYSE:CHPT) has seen a 9.18% increase in its short percent of float since the last report, reaching 29.26% of all shares available for trading. With 115.67 million shares sold short, it would take about 8.23 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards CHPT, although it doesn't necessarily predict a near-term price fall. Compared to its peers, CHPT has a significantly higher short interest, suggesting more bearish sentiment among investors towards the company.
April 22, 2024 | 4:00 pm
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ChargePoint Holdings has experienced a significant increase in short interest, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The increase in short interest for ChargePoint Holdings suggests that investors are more bearish on the stock, potentially leading to higher volatility in the short term. The comparison with peers showing a higher short interest further supports the bearish sentiment. However, the impact on stock price will depend on broader market conditions and company performance.
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