Peering Into Pure Storage's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pure Storage (NYSE:PSTG) has seen an 8.26% increase in its short percent of float, now at 3.67% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, its short interest is still lower than the peer group average of 6.60%.
August 15, 2024 | 1:45 pm
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Pure Storage has experienced an 8.26% increase in short interest, now at 3.67% of its float. This rise in short interest suggests growing bearish sentiment among investors, although it remains below the peer group average of 6.60%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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