Peering Into Ciena's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ciena's short interest has increased by 18.99%, with 5.75 million shares sold short, representing 5.2% of its float. This is below the peer group average of 7.27%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 18, 2024 | 4:00 pm
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Ciena's short interest has increased significantly, indicating a bearish sentiment among investors. However, its short interest is still below the peer average, which might mitigate some concerns.
The increase in short interest suggests that investors are more bearish on Ciena, which could lead to downward pressure on the stock price. However, since Ciena's short interest is below the peer average, the impact might be less severe.
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