Looking Into Zoom Video Comms's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zoom Video Communications (NYSE:ZM) has seen a 36.27% increase in short interest, with 10.51 million shares sold short, representing 4.02% of its float. This is higher than the peer group average of 3.15%. While increased short interest can indicate bearish sentiment, it can also be a bullish signal if traders anticipate a price rise.
September 12, 2024 | 3:30 pm
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Zoom Video Communications has experienced a significant rise in short interest, now at 4.02% of its float, which is above the peer average. This could indicate bearish sentiment but also presents potential bullish opportunities if traders expect a price increase.
The increase in short interest suggests that traders are betting against Zoom, which could indicate bearish sentiment. However, high short interest can also lead to a short squeeze if the stock price rises, creating bullish opportunities. The fact that Zoom's short interest is above the peer average adds significance to this data.
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