(MU) - Analyzing Micron Technology's Short Interest
Portfolio Pulse from Benzinga Insights
Micron Technology's short interest has increased by 54.76%, with 35.98 million shares sold short, representing 3.25% of its float. This is below the peer group average of 4.46%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 19, 2024 | 1:30 pm
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Micron Technology's short interest has increased significantly, indicating potential bearish sentiment. However, its short interest is still below the peer average, suggesting less bearishness compared to peers.
The increase in short interest suggests that some investors are betting against Micron, which could indicate bearish sentiment. However, since the short interest is still below the peer average, it may not be as significant. The short interest alone does not guarantee a price drop, hence a neutral short-term impact.
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