Looking Into Onto Innovation's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Onto Innovation (NYSE:ONTO) has seen a 7.14% increase in its short percent of float, now at 4.35%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 6.83%. It would take traders 4.08 days to cover their short positions.
July 05, 2024 | 3:45 pm
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Onto Innovation's short interest has increased by 7.14%, now at 4.35% of float. This suggests a rise in bearish sentiment, although it remains below the peer average of 6.83%.
The increase in short interest indicates a rise in bearish sentiment towards Onto Innovation. While this does not guarantee a price drop, it suggests that more traders are betting against the stock.
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