Peering Into NEXTracker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NEXTracker's short interest has decreased by 15.38%, with 10.15 million shares sold short, representing 7.98% of its float. This is lower than its peers' average short interest of 11.05%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 21, 2024 | 2:00 pm
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NEXTracker's short interest has decreased by 15.38%, indicating a potential shift towards a more bullish sentiment. The current short interest is 7.98% of the float, which is lower than the peer average of 11.05%.
The decrease in short interest suggests that fewer investors are betting against NEXTracker, which could indicate a more positive outlook on the stock. Additionally, having a lower short interest compared to peers may suggest relative strength in market sentiment.
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