(OUST) - Analyzing Ouster's Short Interest
Portfolio Pulse from Benzinga Insights
Ouster (NYSE:OUST) has seen a significant rise in its short interest, now at 12.97% of its float, which is higher than its peers' average of 6.09%. This indicates increased bearish sentiment among investors.
August 16, 2024 | 3:00 pm
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Ouster's short interest has risen to 12.97% of its float, indicating increased bearish sentiment among investors. This could lead to heightened volatility in the stock price.
The significant increase in short interest suggests that more investors are betting against Ouster, which could lead to downward pressure on the stock price in the short term. However, it also indicates potential for a short squeeze if positive news emerges.
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