How Is The Market Feeling About Rambus?
Portfolio Pulse from Benzinga Insights
Rambus (NYSE:RMBS) has seen a 16.08% increase in its short percent of float, now at 4.91%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 9.58%.
October 02, 2024 | 2:45 pm
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NEGATIVE IMPACT
Rambus's short interest has increased by 16.08%, now at 4.91% of float, indicating a rise in bearish sentiment. However, it remains below the peer average of 9.58%, suggesting less bearishness compared to peers.
The increase in short interest suggests a rise in bearish sentiment towards Rambus, which could pressure the stock price downward in the short term. However, since the short interest is still below the peer average, the bearish sentiment is not as strong as it could be, which might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100