(PINS) - Analyzing Pinterest's Short Interest
Portfolio Pulse from Benzinga Insights
Pinterest's (NYSE:PINS) short interest has risen by 11.23%, with 25.42 million shares sold short, representing 4.26% of its float. This increase in short interest indicates a more bearish sentiment among investors. However, Pinterest's short interest is still lower than its peer group average of 7.77%.
June 10, 2024 | 7:15 pm
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Pinterest's short interest has increased by 11.23%, now at 4.26% of its float. This suggests a bearish sentiment among investors, although its short interest is still lower than the peer group average of 7.77%.
The increase in short interest suggests that investors are becoming more bearish on Pinterest. However, the short interest is still lower than the peer group average, which may mitigate some of the negative sentiment.
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