Looking Into Seagate Tech Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Seagate Tech Hldgs (NYSE:STX) has seen a 15.43% increase in its short percent of float, now at 5.91%. This indicates a rise in bearish sentiment among investors. However, its short interest is still below the peer group average of 6.38%.
May 15, 2024 | 1:15 pm
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Seagate Tech Hldgs has experienced a 15.43% increase in short interest, now at 5.91% of its float. This suggests a rise in bearish sentiment, although its short interest remains below the peer average of 6.38%.
The increase in short interest indicates a rise in bearish sentiment among investors, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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