(GME) - Analyzing GameStop's Short Interest
Portfolio Pulse from Benzinga Insights
GameStop's (NYSE:GME) short interest has decreased by 3.78%, with 40.34 million shares sold short, representing 11.46% of its float. This is higher than the peer group average of 5.14%. The decrease in short interest may indicate a shift in market sentiment.
August 08, 2024 | 7:00 pm
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GameStop's short interest has decreased by 3.78%, now at 11.46% of its float, which is higher than the peer group average of 5.14%. This could indicate a shift in market sentiment.
The decrease in short interest suggests that fewer investors are betting against GameStop, which could be seen as a positive signal for the stock. However, the short interest is still higher than the peer average, indicating that some bearish sentiment remains.
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