Peering Into Monolithic Power Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Monolithic Power Systems (NYSE:MPWR) has seen a 16.31% increase in short interest, now at 4.92% of its float. This indicates a bearish sentiment among investors, although it is still below the peer group average of 5.10%. It would take traders 3.09 days to cover their short positions.
July 22, 2024 | 7:45 pm
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Monolithic Power Systems has experienced a 16.31% increase in short interest, now at 4.92% of its float. This suggests a growing bearish sentiment among investors, although it remains below the peer group average of 5.10%.
The increase in short interest indicates that more investors are betting against the stock, which typically signals bearish sentiment. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
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