(RMBS) - Analyzing Rambus's Short Interest
Portfolio Pulse from Benzinga Insights
Rambus (NYSE:RMBS) has seen a decrease in short interest, with the short percent of float falling 11.24% to 3.79% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The current short interest stands at 3.07 million shares, requiring approximately 2.14 days for traders to cover their short positions. This change in short interest is compared against the industry average of 8.51%, showing Rambus has less short interest than most of its peers, potentially signaling a more bullish outlook for the stock.
April 23, 2024 | 3:30 pm
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Rambus's short interest has decreased, indicating a potential decrease in bearish sentiment and possibly a more bullish outlook in the short term.
The decrease in short interest for Rambus suggests that traders are less bearish on the stock, which could lead to a decrease in selling pressure and potentially result in a price increase in the short term. Additionally, being below the industry average in short interest could make RMBS more attractive compared to its peers.
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