Looking Into Cirrus Logic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cirrus Logic (NYSE:CRUS) has seen a 10.03% increase in its short percent of float, now at 3.29%. This is below the peer group average of 4.10%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
September 12, 2024 | 4:45 pm
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Cirrus Logic's short interest has increased by 10.03%, now at 3.29% of float, which is below the peer average of 4.10%. This rise may indicate bearish sentiment but doesn't guarantee a price drop.
The increase in short interest suggests a potential bearish sentiment among investors, but since the short interest is still below the peer average, it doesn't necessarily predict a price drop. The market sentiment could be mixed, leading to a neutral short-term impact.
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