How Is The Market Feeling About TeraWulf?
Portfolio Pulse from Benzinga Insights
TeraWulf (NYSE:WULF) has seen a 5.2% increase in its short percent of float, now at 17.4% with 39.67 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peers' average of 6.39%. Short interest is a key indicator of market sentiment, and an increase suggests investors are expecting the price to fall. However, high short interest can also lead to bullish outcomes under certain conditions.
May 06, 2024 | 4:00 pm
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TeraWulf's increased short interest to 17.4% suggests a bearish market sentiment, potentially impacting its stock price negatively in the short term.
The rise in short interest for TeraWulf indicates that a significant number of investors are betting against the stock, expecting its price to fall. This could lead to increased selling pressure. However, high short interest can also sometimes lead to a short squeeze if the stock unexpectedly moves up, causing short sellers to buy shares to cover their positions and driving the price higher.
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