Looking Into Applied Digital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Applied Digital's short interest has increased by 18.53%, with 24.09 million shares sold short, representing 12.73% of its float. This is higher than its peers' average of 6.01%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 26, 2024 | 7:45 pm
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Applied Digital's short interest has increased significantly, indicating bearish sentiment. With 12.73% of its float shorted, this is higher than the peer average of 6.01%. This could lead to increased volatility in the stock price.
The increase in short interest to 12.73% of float, which is significantly higher than the peer average, suggests that investors are bearish on Applied Digital. This could lead to downward pressure on the stock price, although it doesn't guarantee a decline. The high short interest could also result in increased volatility.
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