How Is The Market Feeling About GoPro?
Portfolio Pulse from Benzinga Insights
GoPro's short interest has increased by 24%, with 7.33 million shares sold short, representing 5.89% of its float. This rise in short interest suggests a bearish sentiment, although GoPro's short interest is below the peer group average of 6.32%.
September 04, 2024 | 2:30 pm
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GoPro's short interest has increased by 24%, indicating a bearish sentiment among investors. However, its short interest is still below the peer group average, which could suggest relative strength.
The increase in short interest by 24% suggests that investors are becoming more bearish on GoPro. However, since GoPro's short interest is still below the peer average, it may not be as negative as it seems. The market sentiment is likely to be cautious, with potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100