How Is The Market Feeling About Celestica?
Portfolio Pulse from Benzinga Insights
Celestica's short interest has decreased by 7.74%, with 3.22 million shares sold short, representing 2.74% of its float. This is lower than its peers' average of 2.88%. A decrease in short interest can indicate a more bullish sentiment.
September 17, 2024 | 3:45 pm
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Celestica's short interest has decreased by 7.74%, now at 2.74% of its float, which is below the peer average of 2.88%. This decrease may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Celestica, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that its short interest is below the peer average, indicating a relatively more positive sentiment compared to its peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100