Looking Into MACOM Technology Solns's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MACOM Technology Solutions (NYSE:MTSI) has seen a 4.33% increase in its short percent of float, now at 7.95%. This indicates a bearish sentiment among investors, as it would take 7.81 days to cover the short positions. The company's short interest is higher than its peers, whose average is 4.30%.
May 20, 2024 | 8:45 pm
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MACOM Technology Solutions has experienced a 4.33% increase in short interest, now at 7.95% of its float. This suggests a bearish sentiment among investors, as it would take 7.81 days to cover the short positions. The company's short interest is higher than its peers, whose average is 4.30%.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The fact that MACOM's short interest is higher than its peers further supports this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100