(WOLF) - Analyzing Wolfspeed's Short Interest
Portfolio Pulse from Benzinga Insights
Wolfspeed's short interest has increased by 19.17%, with 38.17% of its float sold short. This is significantly higher than its peers' average of 9.33%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 04, 2024 | 3:00 pm
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Wolfspeed's short interest has increased significantly, with 38.17% of its float sold short, indicating bearish sentiment. This is much higher than the peer average of 9.33%.
The significant increase in short interest suggests that investors are bearish on Wolfspeed, which could lead to downward pressure on the stock price. However, high short interest can also lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100