Looking Into Seagate Tech Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Seagate Tech Hldgs (NYSE:STX) has seen a 4.43% increase in its short percent of float, now at 6.6% of all regular shares available for trading. This is higher than the peer group average of 5.98%. It would take traders 4.76 days to cover their short positions on average.
June 13, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Seagate Tech Hldgs has experienced a 4.43% increase in short interest, now at 6.6% of its float. This is higher than the peer group average of 5.98%. It would take traders 4.76 days to cover their short positions on average.
The increase in short interest suggests that investors are becoming more bearish on Seagate Tech Hldgs. This could lead to downward pressure on the stock price in the short term as more traders are betting against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100