Peering Into Enovix's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Enovix (NYSE:ENVX) has seen a 3.5% increase in its short percent of float, with 47.15 million shares sold short, representing 39.93% of its float. This is significantly higher than its peers' average of 9.76%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.
September 05, 2024 | 1:15 pm
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Enovix's short interest has increased to 39.93% of its float, significantly higher than its peers' average of 9.76%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests bearish sentiment, but the high percentage compared to peers could lead to a short squeeze if the stock price rises, creating volatility.
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