Peering Into GD Culture Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GD Culture Group (NYSE:GDC) has seen a 68.97% increase in its short percent of float, now at 0.49% of available shares. This rise in short interest suggests a more bearish sentiment among investors, although it remains below the peer group average of 2.09%.
August 26, 2024 | 6:00 pm
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GD Culture Group's short interest has increased by 68.97%, indicating a more bearish sentiment among investors. However, its short interest remains below the peer group average.
The significant increase in short interest suggests that investors are becoming more bearish on GD Culture Group. Although the short interest is below the peer average, the sharp rise could lead to downward pressure on the stock price in the short term.
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