(GME) - Analyzing GameStop's Short Interest
Portfolio Pulse from Benzinga Insights
GameStop's short interest has decreased by 5.2%, with 35.97 million shares sold short, representing 10.21% of its float. This is higher than its peers' average of 4.84%. The decrease in short interest may indicate a shift in market sentiment.
September 03, 2024 | 5:15 pm
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GameStop's short interest has decreased by 5.2%, now at 10.21% of its float, which is higher than its peers' average. This decrease may suggest a shift in market sentiment towards a more bullish outlook.
The decrease in short interest suggests that fewer investors are betting against GameStop, which could indicate a more positive market sentiment. This is significant as GameStop's short interest remains higher than its peers, potentially leading to a bullish outlook if the trend continues.
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