How Is The Market Feeling About Iris Energy?
Portfolio Pulse from Benzinga Insights
Iris Energy (NYSE:IREN) has seen a decrease in its short percent of float by 5.81%, with 6.57 million shares sold short, representing 3.73% of its float. This is lower than its peers' average short interest of 7.60%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 26, 2024 | 3:45 pm
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Iris Energy's short interest has decreased by 5.81%, now at 3.73% of its float, which is lower than the peer average of 7.60%. This decrease may suggest a more bullish market sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Iris Energy, which could indicate a shift towards a more positive outlook on the stock. Additionally, the short interest is lower than the peer average, further supporting a potentially bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100