Peering Into NetApp's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NetApp's (NYSE:NTAP) short interest has risen by 11.76%, with 5.71 million shares sold short, representing 3.23% of its float. This increase in short interest suggests a more bearish sentiment among investors. However, NetApp's short interest is still below the peer group average of 6.35%.
July 25, 2024 | 8:15 pm
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NetApp's short interest has increased by 11.76%, now at 3.23% of its float. This indicates a more bearish sentiment among investors, although its short interest is still below the peer average of 6.35%.
The increase in short interest suggests that investors are becoming more bearish on NetApp. While this does not guarantee a price drop, it indicates a negative sentiment. However, the short interest is still below the peer average, which may mitigate some of the bearish impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100