Peering Into Penumbra's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Penumbra's short interest has increased by 8.78%, with 9.54% of its float sold short, indicating a bearish sentiment compared to its peers. It would take 6.24 days to cover these positions.
October 01, 2024 | 1:45 pm
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Penumbra's short interest has increased significantly, with 9.54% of its float sold short, indicating a bearish sentiment. This is higher than its peers' average of 4.02%.
The increase in short interest suggests that investors are more bearish on Penumbra compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100