How Is The Market Feeling About Qilian Intl Hldg Gr?
Portfolio Pulse from Benzinga Insights
Qilian Intl Hldg Gr (NYSE:QLI) has seen a significant rise in its short percent of float, increasing by 456.25% to 2.67%. This indicates a bearish sentiment among investors, although the company's short interest is still below the peer group average of 3.54%.
June 27, 2024 | 1:30 pm
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Qilian Intl Hldg Gr's short percent of float has risen significantly, indicating increased bearish sentiment. However, its short interest remains below the peer group average.
The significant rise in short percent of float suggests that investors are increasingly bearish on Qilian Intl Hldg Gr. This could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100