Peering Into Marvell Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Technology (NYSE:MRVL) has seen a 14.26% increase in its short percent of float, now at 5.37%. This indicates a rise in bearish sentiment compared to its peers, whose average short interest is 4.79%. It would take traders 2.93 days to cover their short positions.
June 14, 2024 | 1:30 pm
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Marvell Technology's short interest has increased by 14.26%, now at 5.37% of its float. This suggests a rise in bearish sentiment among investors, which could impact the stock's short-term price movements.
The increase in short interest indicates that more investors are betting against Marvell Technology, which could lead to downward pressure on the stock price in the short term.
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