How Is The Market Feeling About Oblong?
Portfolio Pulse from Benzinga Insights
Oblong's short interest has decreased by 60.64%, with 102,000 shares sold short, representing 0.37% of its float. This is lower than its peers' average short interest of 2.49%. A decrease in short interest can indicate a more bullish sentiment.
August 27, 2024 | 5:00 pm
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Oblong's short interest has decreased significantly, which may indicate a shift towards a more bullish sentiment among investors. The current short interest is 0.37% of the float, lower than the peer average of 2.49%.
The significant decrease in short interest suggests that investors are less bearish on Oblong, which could lead to a positive impact on the stock price. The short interest is also lower than the peer average, further supporting a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100