(IREN) - Analyzing Iris Energy's Short Interest
Portfolio Pulse from Benzinga Insights
Iris Energy (NYSE:IREN) has seen a 28.75% increase in its short percent of float, now at 5.06% of available shares. This is below the peer group average of 8.57%. Short interest can indicate market sentiment, with rising short interest often seen as bearish.
September 12, 2024 | 6:30 pm
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Iris Energy's short interest has increased by 28.75%, now representing 5.06% of its float. This is lower than the peer average of 8.57%, suggesting less bearish sentiment compared to peers.
The increase in short interest suggests a rise in bearish sentiment, but since it's below the peer average, it may not significantly impact the stock price in the short term. Investors should monitor for further changes.
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