Peering Into Alphabet's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Alphabet's short interest has increased by 4.24%, with 72.05 million shares sold short, representing 1.23% of its float. This is lower than the peer group average of 7.60%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 17, 2024 | 1:00 pm
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Alphabet's short interest has increased by 4.24%, with 72.05 million shares sold short, representing 1.23% of its float. This is lower than the peer group average of 7.60%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a rise in bearish sentiment towards Alphabet, but since the short interest is still below the peer average, it may not significantly impact the stock price in the short term. The market sentiment is mixed, and the stock price may not necessarily decline.
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