Looking Into Plug Power's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Plug Power's short interest has fallen by 3.73%, with 25.04% of its float sold short. This is higher than its peers' average of 9.49%. It would take traders 6.01 days to cover their short positions.
June 24, 2024 | 1:15 pm
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Plug Power's short interest has decreased by 3.73%, with 25.04% of its float sold short. This is higher than its peers' average of 9.49%. It would take traders 6.01 days to cover their short positions.
The decrease in short interest suggests a more bullish sentiment among investors. However, the high percentage of float sold short compared to peers indicates that there is still significant bearish sentiment. The mixed signals could lead to increased volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100