Looking Into Fastly's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fastly's (NYSE:FSLY) short interest has increased by 9.22%, with 12.54 million shares sold short, representing 9.83% of its float. This is higher than the peer group average of 6.42%. It would take traders 4.1 days to cover their short positions.
May 17, 2024 | 2:00 pm
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Fastly's short interest has increased by 9.22%, with 12.54 million shares sold short, representing 9.83% of its float. This is higher than the peer group average of 6.42%.
The increase in short interest suggests that investors are becoming more bearish on Fastly compared to its peers. This could lead to downward pressure on the stock price in the short term.
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