(CFLT) - Analyzing Confluent's Short Interest
Portfolio Pulse from Benzinga Insights
Confluent (NYSE:CFLT) has seen a 10.2% rise in its short percent of float, now at 9.83%. This indicates increased bearish sentiment compared to its peers, whose average short interest is 7.06%. It would take traders 5.66 days to cover their short positions.
July 15, 2024 | 7:15 pm
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Confluent's short interest has increased by 10.2%, now at 9.83%, indicating a rise in bearish sentiment. This is higher than the peer group average of 7.06%.
The increase in short interest suggests that more investors are betting against Confluent, which could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100