Peering Into Fortinet's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fortinet's short interest has increased by 5.34%, with 13.72 million shares sold short, representing 2.17% of its float. This is below the peer group average of 4.64%. The rise in short interest suggests bearish sentiment, but it doesn't necessarily predict a price drop.
September 19, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Fortinet's short interest has increased by 5.34%, with 13.72 million shares sold short, representing 2.17% of its float. This is below the peer group average of 4.64%. The rise in short interest suggests bearish sentiment, but it doesn't necessarily predict a price drop.
The increase in short interest indicates a bearish sentiment among investors, but since Fortinet's short interest is still below the peer average, it doesn't necessarily predict a price drop. The market sentiment is mixed, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100