(SYM) - Analyzing Symbotic's Short Interest
Portfolio Pulse from Benzinga Insights
Symbotic (NYSE:SYM) has seen a 6.33% decrease in its short percent of float, now at 22.94% with 8.70 million shares sold short. This indicates a potential shift in market sentiment. It would take traders 9.88 days to cover their short positions based on current trading volume.
June 17, 2024 | 7:30 pm
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Symbotic's short percent of float has decreased by 6.33%, now at 22.94%, indicating a potential shift in market sentiment. It would take traders 9.88 days to cover their short positions.
The decrease in short interest suggests that bearish sentiment is waning, which could lead to a short-term price increase as fewer investors are betting against the stock.
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