(NXT) - Analyzing NEXTracker's Short Interest
Portfolio Pulse from Benzinga Insights
NEXTracker (NYSE:NXT) has seen a 43.44% increase in its short percent of float, now at 8.85% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, NEXTracker's short interest is still below the peer group average of 11.00%.
July 15, 2024 | 5:30 pm
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NEXTracker's short interest has increased by 43.44%, now at 8.85% of float. This rise in short interest suggests growing bearish sentiment among investors. However, the company's short interest remains below the peer group average of 11.00%.
The significant increase in short interest indicates that more investors are betting against NEXTracker, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100