(SEDG) - Analyzing SolarEdge Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
SolarEdge Technologies (NYSE:SEDG) has seen a 26.02% increase in its short percent of float, now at 21.55%. This indicates a bearish sentiment among investors, as it would take 3.75 days to cover these short positions. The company's short interest is significantly higher than its peers, which average 5.89%.
May 31, 2024 | 1:45 pm
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SolarEdge Technologies has experienced a significant increase in short interest, rising by 26.02% to 21.55% of its float. This suggests a bearish sentiment among investors, as it would take 3.75 days to cover these short positions. The company's short interest is notably higher than its peers, which average 5.89%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term, especially given that the short interest is much higher than its peers.
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