Peering Into AppLovin's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AppLovin (NYSE:APP) has seen a 34.4% increase in its short percent of float, now at 10.04% with 26.45 million shares sold short. This is significantly higher than its peers' average of 3.68%. It would take traders 5.09 days to cover their short positions.
May 28, 2024 | 2:15 pm
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AppLovin's short interest has increased by 34.4%, now at 10.04% of float, indicating bearish sentiment. It would take 5.09 days to cover short positions.
The significant increase in short interest suggests that investors are bearish on AppLovin's stock. This could lead to downward pressure on the stock price in the short term as more traders bet against it.
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