(RIVN) - Analyzing Rivian Automotive's Short Interest
Portfolio Pulse from Benzinga Insights
Rivian Automotive's short interest has decreased by 5.79%, with 16.61% of its float sold short. This is higher than its peers' average of 5.96%. It would take 4.06 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.
September 05, 2024 | 2:30 pm
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Rivian Automotive's short interest has decreased by 5.79%, with 16.61% of its float sold short. This is higher than its peers' average of 5.96%. It would take 4.06 days to cover these positions. A decrease in short interest can indicate a more bullish sentiment.
The decrease in short interest suggests a shift towards a more bullish sentiment among investors. Although Rivian's short interest is still higher than its peers, the reduction could lead to upward pressure on the stock price as fewer investors are betting against it.
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