(ADI) - Analyzing Analog Devices's Short Interest
Portfolio Pulse from Benzinga Insights
Analog Devices (NYSE:ADI) has seen a 4.02% decrease in its short percent of float, now at 1.67% of available shares. This is lower than its peers' average of 4.53%. The decrease in short interest may indicate a more bullish sentiment towards ADI.
October 01, 2024 | 4:15 pm
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Analog Devices has experienced a 4.02% decrease in short interest, now at 1.67% of float, which is below the peer average of 4.53%. This could suggest a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against ADI, which can be interpreted as a sign of increased confidence in the stock. Additionally, ADI's short interest is lower than its peers, further indicating a relatively positive sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100