(MTTR) - Analyzing Matterport's Short Interest
Portfolio Pulse from Benzinga Insights
Matterport's (NYSE:MTTR) short interest has increased by 24.31% since the last report, with 8.91 million shares sold short, representing 3.17% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 11.23%. The coverage time based on trading volume is approximately 2.67 days.
April 25, 2024 | 3:30 pm
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Matterport's short interest has risen significantly, indicating increased bearish sentiment among investors. However, it remains below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on Matterport, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative perceptions.
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