Peering Into Cloudflare's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cloudflare's short interest has increased by 3.44%, with 9.80 million shares sold short, representing 3.61% of its float. This is below the peer group average of 6.47%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 07, 2024 | 1:45 pm
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Cloudflare's short interest has increased to 3.61% of its float, which is below the peer average of 6.47%. 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 Cloudflare's short interest is still below the peer average, it may not lead to a significant price drop. The market sentiment is mixed, and the impact on the stock price is uncertain.
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