(SNES) - Analyzing SenesTech's Short Interest
Portfolio Pulse from Benzinga Insights
SenesTech (NYSE:SNES) has seen a significant rise in its short interest, with 82.08% of its float sold short. This is much higher than its peers' average of 6.89%. It would take traders 9.96 days to cover their short positions.
August 02, 2024 | 5:00 pm
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SenesTech's short interest has risen dramatically to 82.08% of its float, indicating a bearish sentiment among investors. This is significantly higher than its peers' average of 6.89%.
The significant rise in short interest suggests that investors are bearish on SenesTech. This could lead to downward pressure on the stock price in the short term as more shares are being shorted.
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