(ROKU) - Analyzing Roku's Short Interest
Portfolio Pulse from Benzinga Insights
Roku's short interest has risen by 16.63%, with 13.49 million shares sold short, representing 12.13% of its float. This is higher than the peer group average of 5.43%. It would take traders 2.2 days to cover their short positions.
May 24, 2024 | 7:00 pm
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Roku's short interest has increased by 16.63%, with 13.49 million shares sold short, representing 12.13% of its float. This is significantly higher than the peer group average of 5.43%.
The increase in short interest suggests that investors are becoming more bearish on Roku. This could lead to downward pressure on the stock price in the short term as more traders bet against the company.
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IMPORTANCE 80
RELEVANCE 100