Looking Into Onto Innovation's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Onto Innovation's short interest has risen by 14.25%, with 1.75 million shares sold short, representing 4.65% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Onto Innovation's short interest is still below the peer group average of 6.40%.
May 21, 2024 | 5:30 pm
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Onto Innovation's short interest has increased by 14.25%, now at 4.65% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 6.40%.
The increase in short interest suggests that more investors are betting against Onto Innovation, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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IMPORTANCE 70
RELEVANCE 100