(PCOR) - Analyzing Procore Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Procore Technologies (NYSE:PCOR) has seen a 30.04% increase in its short percent of float, now at 14.33%. This indicates a bearish sentiment among investors, as it would take 5.13 days to cover these short positions. The company's short interest is significantly higher than its peers, whose average is 6.62%.
July 19, 2024 | 8:15 pm
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Procore Technologies has experienced a significant increase in short interest, rising by 30.04% to 14.33% of its float. This suggests a bearish sentiment among investors, as it would take 5.13 days to cover these short positions. The company's short interest is notably higher than its peers' average of 6.62%.
The significant increase in short interest indicates a bearish sentiment among investors. This could lead to downward pressure on the stock price in the short term, especially since the short interest is much higher than its peers.
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IMPORTANCE 80
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