(INTC) - Analyzing Intel's Short Interest
Portfolio Pulse from Benzinga Insights
Intel's short interest has decreased by 3.83%, with 96.01 million shares sold short, representing 2.26% of its float. This is lower than the peer group average of 5.23%. The decline in short interest suggests a more bullish sentiment among investors.
July 15, 2024 | 4:30 pm
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Intel's short interest has decreased by 3.83%, with 96.01 million shares sold short, representing 2.26% of its float. This is lower than the peer group average of 5.23%. The decline in short interest suggests a more bullish sentiment among investors.
The decrease in short interest indicates that fewer investors are betting against Intel, which can be interpreted as a sign of increased confidence in the company's stock. This is further supported by the fact that Intel's short interest is significantly lower than the peer group average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100