How Is The Market Feeling About Flex?
Portfolio Pulse from Benzinga Insights
Flex's short interest has decreased by 4.38%, with 6.41 million shares sold short, representing 2.4% of its float. This is below the peer group average of 2.90%, indicating a relatively bullish sentiment. It would take traders 3.55 days to cover short positions.
September 19, 2024 | 1:45 pm
News sentiment analysis
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POSITIVE IMPACT
Flex's short interest has decreased, indicating a potentially bullish sentiment as it is below the peer average. This could lead to a positive short-term impact on the stock price.
The decrease in short interest suggests that investors are less bearish on Flex compared to its peers. With short interest below the peer average, this could indicate a positive sentiment shift, potentially leading to a short-term price increase.
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