Peering Into Qualcomm's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's short interest has increased by 6.25%, with 30.22 million shares sold short, representing 2.72% of its float. This is below the peer group average of 5.51%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 09, 2024 | 3:15 pm
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Qualcomm's short interest has increased by 6.25%, with 30.22 million shares sold short, representing 2.72% of its float. This is below the peer group average of 5.51%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since Qualcomm's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the short interest alone doesn't guarantee a price movement.
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