Peering Into Meta Materials's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Meta Materials (NYSE:MMAT) has seen a 3.53% increase in its short percent of float, now at 10.85%. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 7.21%. It would take traders 2.21 days to cover their short positions.
June 07, 2024 | 6:30 pm
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Meta Materials has experienced a 3.53% increase in short interest, now at 10.85% of its float. This suggests a bearish sentiment among investors, as it is higher than the peer group average of 7.21%.
The increase in short interest suggests that more investors are betting against the stock, which typically indicates a bearish outlook. This is further emphasized by the fact that MMAT's short interest is higher than its peers.
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IMPORTANCE 80
RELEVANCE 100