Looking Into Pinterest's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pinterest's short interest has fallen by 3.82%, with 28.56 million shares sold short, representing 4.79% of its float. This is lower than the peer group average of 7.61%. It would take traders 4.75 days to cover their short positions.
August 01, 2024 | 5:00 pm
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Pinterest's short interest has decreased by 3.82%, now at 4.79% of its float, which is lower than the peer group average of 7.61%. This indicates a more bullish sentiment among investors.
The decrease in short interest suggests that investors are becoming more bullish on Pinterest compared to its peers. This could lead to a positive short-term impact on the stock price.
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