(AXON) - Analyzing Axon Enterprise's Short Interest
Portfolio Pulse from Benzinga Insights
Axon Enterprise's short interest has decreased by 7.49%, with 2.39 million shares sold short, representing 4.32% of its float. This is higher than the peer group average of 2.21%. It would take traders 6.69 days to cover their short positions.
July 30, 2024 | 5:15 pm
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Axon Enterprise's short interest has decreased by 7.49%, now at 4.32% of its float. This indicates a potential shift in market sentiment towards a more bullish outlook.
The decrease in short interest suggests that fewer investors are betting against Axon Enterprise, which could indicate a more positive market sentiment. This might lead to a short-term price increase as bearish pressure diminishes.
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