Peering Into QuantumScape's Recent Short Interest
Portfolio Pulse from Benzinga Insights
QuantumScape's (NYSE:QS) short interest has fallen by 3.96%, with 53.98 million shares sold short, representing 14.79% of its float. This is higher than the peer group average of 6.99%. It would take traders 10.69 days to cover their short positions.
June 14, 2024 | 4:45 pm
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QuantumScape's short interest has decreased by 3.96%, now at 14.79% of its float. This indicates a less bearish sentiment among investors, although the short interest remains higher than its peers.
The decrease in short interest suggests that investors are becoming less bearish on QuantumScape. However, the short interest is still significantly higher than its peers, which could lead to volatility. Overall, this is a positive indicator for the stock in the short term.
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IMPORTANCE 80
RELEVANCE 100