(U) - Analyzing Unity Software's Short Interest
Portfolio Pulse from Benzinga Insights
Unity Software's (NYSE:U) short interest has risen by 16.59%, with 36.37 million shares sold short, representing 9.7% of its float. This is higher than the peer group average of 7.87%. It would take traders 3.51 days to cover their short positions.
June 14, 2024 | 6:30 pm
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Unity Software's short interest has increased by 16.59%, with 36.37 million shares sold short, representing 9.7% of its float. This is higher than the peer group average of 7.87%.
The increase in short interest suggests that investors are becoming more bearish on Unity Software. This could lead to downward pressure on the stock price in the short term as more shares are being shorted.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100