Peering Into Snap's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Snap's short interest has increased by 13.91%, with 71.59 million shares sold short, representing 7.86% of its float. This is higher than its peers' average of 6.28%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 04, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Snap's short interest has increased significantly, indicating a bearish sentiment among investors. With 71.59 million shares shorted, it surpasses the peer average, suggesting potential volatility.
The increase in Snap's short interest suggests that investors are more bearish on the stock compared to its peers. This could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100