Looking Into Skyworks Solutions's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Skyworks Solutions (NYSE:SWKS) has seen an 11.16% increase in short interest since its last report, with 7.17 million shares sold short, representing 5.08% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. The company's short interest is above its peer group average of 4.24%.
May 13, 2024 | 2:30 pm
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Skyworks Solutions has experienced a significant increase in short interest, suggesting a bearish sentiment among investors. However, this is not a guaranteed indicator of future stock performance.
The increase in short interest for Skyworks Solutions indicates that more investors are betting against the stock, which could lead to increased selling pressure. However, the actual impact on the stock price will depend on broader market conditions and company performance. The comparison with peers suggests SWKS is more heavily shorted, which could be seen as a negative sign. Yet, it's important to note that high short interest can sometimes lead to a short squeeze if the stock unexpectedly moves higher, causing shorts to cover.
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