Looking Into Forward Industries's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Forward Industries (NYSE:FORD) has seen a significant rise in short interest, with a 974.69% increase since its last report. The company now has 120,000 shares sold short, representing 17.41% of its float. This is much higher than the peer group average of 2.53%.
July 05, 2024 | 6:15 pm
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Forward Industries has experienced a substantial increase in short interest, now at 17.41% of its float, which is significantly higher than its peers' average of 2.53%. This could indicate bearish sentiment among investors.
The significant rise in short interest suggests that investors are increasingly bearish on Forward Industries. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
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