Peering Into Pure Storage's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pure Storage (NYSE:PSTG) has seen a decrease in short interest, now at 8.20 million shares or 3.08% of float, down 7.78% since the last report. It would take 2.82 days on average to cover these short positions. This decline in short interest could indicate a more bullish sentiment towards PSTG compared to its peers, where the average short interest as a percentage of float is 6.45%.
April 29, 2024 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Pure Storage's short interest has decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For PSTG, this reduction could reduce selling pressure and potentially lead to a price increase in the short term, especially since it's lower than the peer group average.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90