(IOT) - Analyzing Samsara's Short Interest
Portfolio Pulse from Benzinga Insights
Samsara's short interest has increased by 12.31%, with 14.91 million shares sold short, representing 8.12% of its float. This is higher than its peers' average of 2.41%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
August 23, 2024 | 7:30 pm
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Samsara's short interest has increased significantly, now at 8.12% of its float, which is higher than its peers' average. This could indicate bearish sentiment, but doesn't necessarily predict a price drop.
The increase in short interest suggests that investors are more bearish on Samsara compared to its peers. This could lead to downward pressure on the stock price in the short term, although it is not a certainty.
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