How Is The Market Feeling About Rivian Automotive?
Portfolio Pulse from Benzinga Insights
Rivian Automotive's short interest has decreased by 5.79%, with 16.61% of its shares sold short. This is higher than its peers' average of 6.46%. The decrease in short interest may indicate a shift in market sentiment.
August 19, 2024 | 2:00 pm
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Rivian Automotive's short interest has decreased by 5.79%, now at 16.61% of float, which is higher than its peers' average. This decrease may indicate a shift in market sentiment towards a more bullish outlook.
The decrease in short interest suggests that fewer investors are betting against Rivian, which could indicate a more positive market sentiment. This is significant as Rivian's short interest is still higher than its peers, suggesting a potential for a bullish shift if the trend continues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100