(IVDA) - Analyzing Iveda Solutions's Short Interest
Portfolio Pulse from Benzinga Insights
Iveda Solutions (NYSE:IVDA) has seen a significant increase in its short interest, rising 328.57% since the last report. Currently, 0.9% of its float is sold short, which is lower than the peer group average of 3.18%. This increase in short interest may indicate bearish sentiment, but it is not necessarily a predictor of a stock price decline.
October 01, 2024 | 5:30 pm
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Iveda Solutions has experienced a 328.57% increase in short interest, now at 0.9% of its float. This is below the peer average of 3.18%, suggesting less bearish sentiment compared to peers. The short interest increase could indicate market skepticism, but it doesn't guarantee a price drop.
The significant rise in short interest suggests increased bearish sentiment, but since the percentage of float shorted is still below the peer average, it may not lead to immediate price decline. The market sentiment is mixed, and the impact on stock price is uncertain.
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