How Is The Market Feeling About MongoDB?
Portfolio Pulse from Benzinga Insights
MongoDB's short interest has decreased by 17.84%, with 3.85 million shares sold short, representing 5.39% of its float. This is lower than its peers' average of 6.15%. The decrease in short interest may indicate a more bullish sentiment towards MongoDB.
September 16, 2024 | 3:30 pm
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MongoDB's short interest has decreased significantly, which may indicate a shift towards a more bullish market sentiment. The current short interest is 5.39% of the float, lower than the peer average of 6.15%.
The decrease in short interest suggests that fewer investors are betting against MongoDB, which can be interpreted as a positive sign for the stock. Additionally, having a lower short interest compared to peers may indicate relative strength in market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100