Looking Into Universal Display's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Universal Display (NYSE: OLED) has seen a 22.16% increase in short interest, with 1.05 million shares sold short, representing 2.26% of its float. This is lower than the peer group average of 4.21%. The increase in short interest could indicate bearish sentiment, but it doesn't necessarily mean the stock will fall in the near term.
August 16, 2024 | 1:30 pm
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Universal Display's short interest has increased by 22.16%, now at 2.26% of its float. This is lower than the peer group average of 4.21%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a near-term price drop.
The increase in short interest suggests that more investors are betting against the stock, which can be a bearish signal. However, the short interest is still below the peer average, and this alone doesn't guarantee a price drop.
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