Peering Into Coherent's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coherent (NYSE:COHR) has seen a 19.79% increase in short interest, with 5.22 million shares sold short, representing 4.54% of its float. This is higher than its peers' average of 3.46%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 10, 2024 | 7:15 pm
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Coherent's short interest has increased by 19.79%, now at 4.54% of its float, indicating bearish sentiment. This is higher than the peer average of 3.46%.
The increase in short interest suggests that investors are becoming more bearish on Coherent, as it is higher than the peer average. This could lead to downward pressure on the stock price in the short term.
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