(APLD) - Analyzing Applied Digital's Short Interest
Portfolio Pulse from Benzinga Insights
Applied Digital's short interest has increased by 5.7%, with 18.22 million shares sold short, representing 15.02% of its float. This is higher than its peers' average of 6.68%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
September 10, 2024 | 7:45 pm
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Applied Digital's short interest has increased to 15.02% of its float, significantly higher than its peers' average of 6.68%. This rise could indicate bearish sentiment, but it doesn't necessarily mean the stock price will fall.
The increase in short interest suggests that investors are more bearish on Applied Digital compared to its peers. However, short interest alone doesn't predict stock price movements. The stock could still rise if short sellers are forced to cover their positions.
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