Looking Into Microchip Technology's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Microchip Technology (NYSE:MCHP) has seen a rise in short interest, with 5.24% of its float sold short, higher than its peers' average of 4.37%. This indicates a bearish sentiment among investors, although it doesn't guarantee a price drop.
September 18, 2024 | 1:30 pm
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Microchip Technology's short interest has increased to 5.24% of its float, indicating a bearish sentiment among investors. This is higher than the peer average of 4.37%, suggesting more skepticism about the stock's future performance.
The increase in short interest to 5.24% of float suggests that investors are more bearish on Microchip Technology compared to its peers, whose average short interest is 4.37%. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
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