Looking Into ON Semiconductor's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ON Semiconductor's short interest has increased by 7.57%, with 26.74 million shares sold short, representing 8.38% of the float. This is higher than the peer group average of 4.24%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 18, 2024 | 1:30 pm
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ON Semiconductor's short interest has increased significantly, indicating bearish sentiment. With 8.38% of shares sold short, it surpasses the peer average of 4.24%. This could lead to increased volatility in the stock price.
The increase in short interest to 8.38% of float, higher than the peer average, suggests bearish sentiment. This could lead to downward pressure on the stock price as more investors bet against it. However, it also indicates potential for a short squeeze if positive news arises.
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