(SYM) - Analyzing Symbotic's Short Interest
Portfolio Pulse from Benzinga Insights
Symbotic (NYSE:SYM) has seen a 13.74% increase in its short percent of float, now at 24.42% of all regular shares available for trading. This high short interest suggests bearish sentiment among investors, although it doesn't guarantee a near-term price drop. Compared to its peers, Symbotic's short interest is significantly higher, with the peer group average at 4.01%.
May 24, 2024 | 4:00 pm
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Symbotic's short interest has increased by 13.74%, now at 24.42% of float. This high short interest indicates bearish sentiment among investors, although it doesn't guarantee a near-term price drop. Compared to its peers, Symbotic's short interest is significantly higher.
The significant increase in short interest suggests that investors are bearish on Symbotic's stock. This could lead to downward pressure on the stock price in the short term, especially given that its short interest is much higher than its peers.
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