Looking Into Okta's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Okta's short interest has risen by 8.33%, with 4.79 million shares sold short, representing 2.99% of its float. This increase in short interest suggests a bearish sentiment among investors. However, Okta's short interest is still lower than the average of its peers, which stands at 6.76%.
May 21, 2024 | 7:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Okta's short interest has increased by 8.33%, now at 2.99% of its float. This indicates a bearish sentiment among investors, although its short interest is still lower than the peer average of 6.76%.
The increase in short interest suggests that investors are becoming more bearish on Okta. However, the short interest is still lower than the average of its peers, which could mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100