(ASAN) - Analyzing Asana's Short Interest
Portfolio Pulse from Benzinga Insights
Asana's short interest has risen by 17.09%, with 13.74 million shares sold short, representing 16.72% of its float. This is significantly higher than its peers' average of 8.91%. It would take traders 7.44 days to cover their short positions.
May 20, 2024 | 8:00 pm
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Asana's short interest has increased by 17.09%, with 13.74 million shares sold short, representing 16.72% of its float. This is significantly higher than its peers' average of 8.91%.
The significant increase in short interest suggests bearish sentiment among investors. This could lead to downward pressure on Asana's stock price in the short term as more investors bet against the stock.
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IMPORTANCE 80
RELEVANCE 100