Looking Into Qualcomm's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's (NYSE:QCOM) short interest has risen by 16.11%, with 23.28 million shares sold short, representing 2.09% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Qualcomm's short interest is still lower than its peer group average of 5.11%.
June 27, 2024 | 1:30 pm
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Qualcomm's short interest has increased by 16.11%, with 23.28 million shares sold short, representing 2.09% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 5.11%.
The increase in short interest suggests that more investors are betting against Qualcomm, which could lead to downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which may mitigate some of the negative impact.
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