(FSLR) - Analyzing First Solar's Short Interest
Portfolio Pulse from Benzinga Insights
First Solar (NYSE:FSLR) has seen a rise in its short percent of float by 11.52%, with 5.14 million shares sold short, representing 6.29% of its float. This is higher than the peer group average of 4.40%. It would take traders 2.42 days to cover their short positions.
May 27, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
First Solar's short interest has increased to 6.29% of its float, which is higher than the peer group average of 4.40%. This indicates a bearish sentiment among investors, although it does not necessarily mean the stock will fall in the near term.
The increase in short interest suggests that investors are becoming more bearish on First Solar. This could lead to downward pressure on the stock price in the short term, although it is not a definitive indicator of a price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100