(HOLO) - Analyzing MicroCloud Hologram's Short Interest
Portfolio Pulse from Benzinga Insights
MicroCloud Hologram (NYSE:HOLO) has seen a 25.62% increase in its short percent of float, now at 7.6% of available shares. This is higher than its peers' average of 2.37%. The rise in short interest suggests bearish sentiment, but it could also present a bullish opportunity if the stock price rises.
September 06, 2024 | 2:45 pm
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MicroCloud Hologram's short interest has increased by 25.62%, now at 7.6% of float, indicating bearish sentiment. However, this could also lead to a short squeeze if the stock price rises.
The increase in short interest suggests that investors are bearish on HOLO, but the high level compared to peers could lead to a short squeeze if the stock price rises, creating a potential bullish scenario.
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