Looking Into Penumbra's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Penumbra (NYSE:PEN) has seen a 9.46% increase in its short percent of float, now at 7.75%. This indicates a bearish sentiment among investors, as it would take 6.61 days to cover short positions. Penumbra's short interest is higher than its peers, whose average is 4.07%.
May 23, 2024 | 7:15 pm
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Penumbra's short interest has increased by 9.46%, now at 7.75% of float. This suggests a bearish sentiment among investors, as it would take 6.61 days to cover short positions. The company's short interest is higher than its peers' average of 4.07%.
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 Penumbra's short interest is higher than its peers further supports this outlook.
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