Looking Into Zoom Video Comms's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zoom Video Communications (NYSE:ZM) has seen a 4.07% increase in its short percent of float since the last report, reaching 4.86% of all shares available for trading. With 12.67 million shares sold short, it would take about 6.52 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards ZM, although it's not a definitive predictor of stock price movement. Compared to its peers, ZM has a higher short interest, suggesting more bearish sentiment among investors relative to similar companies.
April 25, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Zoom Video Communications has experienced an increase in short interest, indicating a bearish sentiment among investors. This could lead to increased volatility in the short term.
The increase in short interest for Zoom Video Communications suggests that investors are more bearish on the stock, potentially leading to higher volatility in the short term. Given the higher short interest compared to its peers, this bearish sentiment is more pronounced for ZM, which could impact its stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100