Peering Into Applied Digital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Digital's (NYSE:APLD) short interest has decreased by 6.56%, with 19.15 million shares sold short, representing 16.81% of its float. This decline in short interest could indicate a shift in market sentiment. Compared to its peers, Applied Digital has a higher short interest percentage.
June 18, 2024 | 4:15 pm
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Applied Digital's short interest has decreased by 6.56%, now at 16.81% of its float. This decline could indicate a shift in market sentiment towards a more bullish outlook.
The decrease in short interest suggests that fewer investors are betting against the stock, which could be interpreted as a positive signal. This might lead to a short-term price increase as market sentiment shifts.
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