Looking Into Wolfspeed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Wolfspeed's short interest has increased by 12.72%, with 26.5% of its float sold short. This is significantly higher than its peers' average of 7.33%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
September 10, 2024 | 2:15 pm
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Wolfspeed's short interest has increased significantly, with 26.5% of its float sold short, compared to a peer average of 7.33%. This could indicate bearish sentiment, but doesn't guarantee a price drop.
The increase in short interest to 26.5% of float suggests that investors are more bearish on Wolfspeed compared to its peers, whose average short interest is 7.33%. This could lead to downward pressure on the stock price, although it doesn't guarantee a decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100