Peering Into Mobileye Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mobileye Global's short interest has decreased by 10.25%, with 14.77 million shares sold short, representing 20.58% of its float. This is higher than its peers' average short interest of 6.62%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
August 19, 2024 | 6:00 pm
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Mobileye Global's short interest has decreased by 10.25%, with 14.77 million shares sold short, representing 20.58% of its float. This is higher than its peers' average short interest of 6.62%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
The decrease in short interest by 10.25% suggests a potential shift in market sentiment towards Mobileye Global, indicating that investors may be less bearish. With short interest still high compared to peers, any positive news could lead to a short squeeze, potentially driving the stock price up.
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