Looking Into Zoom Video Comms's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zoom Video Communications (NYSE:ZM) has seen a 12.19% decrease in its short percent of float, now at 3.53%. This suggests a shift in market sentiment, as fewer shares are being shorted. Despite having higher short interest than its peers, this decline could indicate a more bullish outlook.
October 01, 2024 | 1:30 pm
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Zoom Video Communications has experienced a 12.19% decrease in short interest, now at 3.53% of float. This reduction suggests a potential shift towards a more bullish market sentiment, although the company still has higher short interest compared to its peers.
The decrease in short interest by 12.19% indicates that fewer investors are betting against Zoom, which can be interpreted as a positive sign for the stock. Although Zoom's short interest is still higher than its peers, the reduction suggests improving sentiment. This could lead to a short-term positive impact on the stock price.
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