Looking Into Flex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Flex (NYSE:FLEX) has seen a 35% increase in short interest, now at 3.24% of its float. This is higher than its peers' average of 2.65%. It would take traders 2.52 days to cover their short positions. Increased short interest can indicate bearish sentiment but can also be bullish if the stock price rises.
June 20, 2024 | 4:45 pm
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Flex has experienced a 35% increase in short interest, now at 3.24% of its float, which is higher than its peers' average of 2.65%. This could indicate bearish sentiment but also presents a potential for bullish outcomes if the stock price rises.
The significant increase in short interest suggests that more investors are betting against the stock, which can be seen as a bearish signal. However, if the stock price rises, it could lead to a short squeeze, making the outcome potentially bullish. The mixed signals result in a neutral short-term impact.
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