Looking Into Ambarella's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ambarella's short interest has increased by 6.51%, with 1.93 million shares sold short, representing 5.56% of its float. This is below the peer group average of 10.20%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
August 29, 2024 | 6:45 pm
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Ambarella's short interest has increased by 6.51%, with 1.93 million shares sold short, representing 5.56% of its float. This is below the peer group average of 10.20%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, since Ambarella's short interest is below the peer average, the impact might be less severe. The short interest data suggests caution for investors, but it doesn't guarantee a price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100