Peering Into Seagate Tech Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Seagate Tech Hldgs (NYSE:STX) has seen a 3.58% increase in its short percent of float, now at 6.66%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 7.96%.
September 13, 2024 | 8:45 pm
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Seagate Tech Hldgs has experienced a 3.58% increase in short interest, now at 6.66% of its float. This suggests growing bearish sentiment, but it remains below the peer average of 7.96%.
The increase in short interest suggests that investors are becoming more bearish on Seagate Tech Hldgs. However, since the short interest is still below the peer average, the impact might be less severe. The stock may face downward pressure in the short term due to increased short selling.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100