How Is The Market Feeling About KLA?
Portfolio Pulse from Benzinga Insights
KLA's short interest has decreased by 9.45%, with 2.45 million shares sold short, representing 1.82% of its float. This is lower than its peers' average short interest of 6.85%. The decrease in short interest may indicate a more bullish sentiment towards KLA.
September 26, 2024 | 3:00 pm
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POSITIVE IMPACT
KLA's short interest has decreased by 9.45%, with 2.45 million shares sold short, representing 1.82% of its float. This is lower than its peers' average short interest of 6.85%. The decrease in short interest may indicate a more bullish sentiment towards KLA.
The decrease in short interest suggests that fewer investors are betting against KLA, which can be interpreted as a sign of increased confidence in the stock. Additionally, KLA's short interest is significantly lower than its peers, which may further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100