Looking Into Western Digital's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Western Digital's short interest has increased by 5.95%, with 18.41 million shares sold short, representing 6.05% of its float. This is below the peer group average of 6.78%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
September 26, 2024 | 8:00 pm
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Western Digital's short interest has increased to 6.05% of its float, indicating a rise in bearish sentiment. However, this is still below the peer average of 6.78%, suggesting relatively less pessimism compared to peers.
The increase in short interest suggests that investors are becoming more bearish on Western Digital. However, since the short interest is still below the peer average, the sentiment is not as negative as it could be. This could lead to short-term downward pressure on the stock price, but the impact may be mitigated by the relatively lower short interest compared to peers.
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