(WOLF) - Analyzing Wolfspeed's Short Interest
Portfolio Pulse from Benzinga Insights
Wolfspeed (NYSE:WOLF) has seen a significant increase in its short interest, rising 18.8% since its last report. Currently, 26.41% of its float is sold short, which is higher than the peer group average of 9.66%. This could indicate bearish sentiment among investors.
May 24, 2024 | 6:15 pm
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Wolfspeed's short interest has increased by 18.8%, with 26.41% of its float sold short. This is significantly higher than its peers' average of 9.66%, indicating bearish sentiment.
The significant increase in short interest suggests that investors are bearish on Wolfspeed's stock. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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