Peering Into Marvell Tech's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marvell Technology's short interest has decreased by 4.9%, with 35.53 million shares sold short, representing 4.85% of its float. This is higher than its peers' average of 4.21%. A decrease in short interest can indicate a more bullish sentiment.
September 06, 2024 | 7:15 pm
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Marvell Technology's short interest has decreased by 4.9%, with 35.53 million shares sold short, representing 4.85% of its float. This is higher than its peers' average of 4.21%. 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 Marvell's short interest is still higher than its peers, the reduction could lead to a positive short-term impact on the stock price as it indicates less bearish sentiment.
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