Looking Into EMCORE's Recent Short Interest
Portfolio Pulse from Benzinga Insights
EMCORE's short interest has decreased by 38.46%, with 43,000 shares sold short, representing 0.48% of its float. This is lower than its peers' average short interest of 2.22%. A decrease in short interest can indicate a more bullish sentiment.
October 04, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
EMCORE's short interest has decreased significantly, which may indicate a shift towards a more bullish sentiment among investors. The current short interest is lower than the average of its peers.
The significant decrease in short interest suggests that investors are less bearish on EMCORE, which could lead to a positive short-term impact on the stock price. The fact that its short interest is below the peer average further supports a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100