(CLS) - Analyzing Celestica's Short Interest
Portfolio Pulse from Benzinga Insights
Celestica (NYSE:CLS) has seen a 6.45% increase in its short percent of float, now at 3.96% of all regular shares available for trading. This is higher than the peer group average of 2.59%. It would take traders 2.17 days to cover their short positions on average.
July 05, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Celestica's short interest has increased by 6.45%, now at 3.96% of float, higher than the peer average of 2.59%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests bearish sentiment among traders. However, the higher short interest compared to peers could also lead to a short squeeze if the stock price rises, making the short-term impact neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100