Peering Into UiPath's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UiPath's (NYSE:PATH) short interest has risen by 16.93%, with 40.11 million shares sold short, representing 8.98% of its float. This is higher than the peer group average of 5.10%. Increased short interest can indicate bearish sentiment but can also be bullish if short sellers are forced to cover their positions.
July 19, 2024 | 1:30 pm
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UiPath's short interest has increased by 16.93%, with 40.11 million shares sold short, representing 8.98% of its float. This is higher than the peer group average of 5.10%.
The increase in short interest suggests bearish sentiment among investors. However, it does not necessarily mean the stock will fall in the near term. The higher short interest compared to peers could lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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