How Is The Market Feeling About MKS Instruments?
Portfolio Pulse from Benzinga Insights
MKS Instruments (NYSE:MKSI) has seen a 28.68% rise in its short percent of float, now at 6.55%. This indicates increased bearish sentiment, although it has less short interest compared to its peers. It would take traders 3.98 days to cover their short positions.
June 24, 2024 | 5:45 pm
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MKS Instruments has experienced a significant rise in short interest, indicating increased bearish sentiment. However, its short interest is still lower than the peer group average.
The rise in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the fact that its short interest is still lower than its peers may mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100