(CIEN) - Analyzing Ciena's Short Interest
Portfolio Pulse from Benzinga Insights
Ciena's short interest has increased by 3.08%, with 5.93 million shares sold short, representing 5.36% of its float. This is below the peer group average of 7.24%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 04, 2024 | 6:45 pm
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Ciena's short interest has increased to 5.36% of its float, which is below the peer average of 7.24%. This rise may indicate bearish sentiment, but it doesn't necessarily predict a price decline.
The increase in short interest suggests a bearish sentiment among investors, but since Ciena's short interest is still below the peer average, the impact on the stock price is uncertain. The market sentiment could lead to volatility, but it doesn't guarantee a price drop.
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