(STX) - Analyzing Seagate Tech Hldgs's Short Interest
Portfolio Pulse from Benzinga Insights
Seagate Tech Holdings (NYSE:STX) has seen a decrease in short interest, now at 5.12% of its float, down 6.4% from the last report. With 8.80 million shares sold short, it would take about 2.89 days to cover all short positions. This change in short interest could indicate a shift in market sentiment towards STX, potentially signaling increased bullishness among investors. Compared to its peers, STX has a lower short interest percentage, suggesting it may be performing better than similar companies.
April 25, 2024 | 7:15 pm
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Seagate Tech Holdings' short interest has decreased, suggesting a potential increase in bullish sentiment among investors.
A decrease in short interest typically indicates that fewer investors are betting against the stock, which can be a positive sign for its future price movement. Given that STX's short interest is lower than its peer average, this might reflect a stronger confidence in the company's performance relative to its competitors.
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