Looking Into MongoDB's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MongoDB's (NYSE:MDB) short interest has increased by 15.19% since the last report, with 3.76 million shares sold short, representing 5.99% of its float. It would take about 3.73 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards MongoDB, although it has less short interest compared to its peer group average of 6.44%.

April 29, 2024 | 8:45 pm
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MongoDB's short interest has risen by 15.19%, indicating a bearish sentiment. However, it remains below its peers' average.
The increase in short interest suggests that investors are becoming more bearish on MongoDB. This could lead to increased selling pressure and potentially lower stock prices in the short term. However, the fact that MongoDB's short interest is below its peer group average might mitigate some negative impact, indicating that while sentiment is bearish, it is not excessively so compared to similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100