Peering Into MicroStrategy's Recent Short Interest
Portfolio Pulse from Benzinga Insights
MicroStrategy's (NYSE:MSTR) short percent of float has risen 6.73% since its last report, with 3.59 million shares sold short, representing 22.83% of all regular shares available for trading. This is significantly higher than its peer group average of 2.95%.
July 01, 2024 | 1:30 pm
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MicroStrategy's short interest has increased by 6.73%, with 22.83% of shares sold short. This is significantly higher than its peer group average of 2.95%, indicating increased bearish sentiment.
The significant increase in short interest suggests that investors are becoming more bearish on MicroStrategy compared to its peers. This could lead to downward pressure on the stock price in the short term.
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