Peering Into Samsara's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Samsara's (NYSE:IOT) short interest has risen by 6.8%, with 12.06 million shares sold short, representing 6.6% of its float. This is higher than the peer group average of 3.86%. It would take traders 4.3 days to cover their short positions.
June 04, 2024 | 7:00 pm
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Samsara's short interest has increased by 6.8%, with 12.06 million shares sold short, representing 6.6% of its float. This is higher than the peer group average of 3.86%.
The increase in short interest suggests that investors are becoming more bearish on Samsara. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100