Looking Into Western Digital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Western Digital's short interest has decreased by 16.33%, with 17.95 million shares sold short, representing 6.25% of its float. This is lower than the peer group average of 8.05%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 09, 2024 | 4:45 pm
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Western Digital's short interest has decreased by 16.33%, with 17.95 million shares sold short, representing 6.25% of its float. This is lower than the peer group average of 8.05%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Western Digital, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Western Digital's short interest is below the peer group average, potentially making it more attractive to investors.
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