Looking Into Axon Enterprise's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Axon Enterprise's short interest has decreased by 6.48%, with 2.23 million shares sold short, representing 4.04% of its float. This is higher than its peers' average short interest of 2.84%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 19, 2024 | 3:30 pm
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Axon Enterprise's short interest has decreased by 6.48%, with 2.23 million shares sold short, representing 4.04% of its float. This is higher than its peers' average short interest of 2.84%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. Although Axon's short interest is still higher than its peers, the reduction could lead to a positive impact on the stock price as it indicates less bearish sentiment.
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