Peering Into ZoomInfo Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ZoomInfo Technologies (NYSE:ZI) has seen a decrease in short interest, with the short percent of float falling 18.28% to 3.8% of all shares available for trading. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 6.78%, suggesting a relatively more bullish outlook compared to its peers.
April 25, 2024 | 4:15 pm
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ZoomInfo Technologies's short interest has decreased, indicating a potential shift towards a more bullish sentiment among traders.
A decrease in short interest typically indicates that fewer traders are betting on the stock's decline, which can be a positive signal for the stock's short-term price movement. Given that ZoomInfo's short interest is now below the peer group average, this could suggest a more favorable outlook on the stock compared to its peers, potentially leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90