Peering Into Riot Platforms's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Riot Platforms (NYSE:RIOT) has seen a 10.87% increase in its short percent of float, now at 17.65%. This indicates a bearish sentiment among investors. The company's short interest is higher than its peers, which average 8.80%.
May 28, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Riot Platforms has experienced a significant increase in short interest, now at 17.65% of its float. This suggests a bearish sentiment among investors, as the company's short interest is notably higher than its peers.
The increase in short interest indicates that more investors are betting against Riot Platforms, which could lead to downward pressure on the stock price in the short term. The company's short interest is also significantly higher than its peers, reinforcing the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100