Peering Into Flex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Flex (NYSE:FLEX) has seen a 19.67% increase in its short percent of float since the last report, with 8.02 million shares sold short, representing 2.19% of its available trading shares. It would take about 1.94 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards Flex, although it has less short interest compared to its peer group average of 2.53%.
April 30, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Flex has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on Flex, potentially leading to downward pressure on the stock price in the short term. However, being below the peer average might mitigate some negative impact, indicating a mixed market perception.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100