Looking Into Pinterest's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pinterest's short interest has increased by 4.32%, with 18.85 million shares sold short, representing 3.14% of its float. This is below the peer group average of 7.04%. The rise in short interest suggests a more bearish sentiment, but it doesn't guarantee a price drop.
September 26, 2024 | 8:30 pm
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Pinterest's short interest has increased, indicating a more bearish sentiment among investors. However, its short interest is still below the peer average, suggesting relatively less bearishness compared to peers.
The increase in short interest suggests that investors are becoming more bearish on Pinterest. However, since its short interest is still below the peer average, it indicates that the bearish sentiment is not as strong as it is for its peers. This could lead to downward pressure on the stock price in the short term, but it is not a definitive indicator of a price drop.
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