(RBLX) - Analyzing Roblox's Short Interest
Portfolio Pulse from Benzinga Insights
Roblox's short interest has decreased by 8.39%, with 17.07 million shares sold short, representing 4.37% of its float. This is higher than the peer group average of 3.39%. It would take traders 3.72 days to cover their short positions.
August 13, 2024 | 3:00 pm
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Roblox's short interest has decreased by 8.39%, with 17.07 million shares sold short, representing 4.37% of its float. This is higher than the peer group average of 3.39%. It would take traders 3.72 days to cover their short positions.
The decrease in short interest suggests a more bullish sentiment among investors. However, the short interest is still higher than the peer average, indicating some bearish sentiment remains. Overall, the reduction in short interest is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100