(TWLO) - Analyzing Twilio's Short Interest
Portfolio Pulse from Benzinga Insights
Twilio's (NYSE:TWLO) short interest has increased by 5.73% since the last report, with 2.49 million shares sold short, representing 1.66% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 6.99%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.
May 09, 2024 | 4:30 pm
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Twilio's short interest has risen, indicating a bearish sentiment among traders. However, it remains below the peer average, suggesting a mixed outlook.
The increase in short interest for Twilio suggests that traders are expecting the stock price to decline, which could lead to a short-term negative impact on the stock price. However, being below the peer average indicates that the sentiment is not as bearish compared to similar companies, which might limit the downside.
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IMPORTANCE 70
RELEVANCE 90