(FN) - Analyzing Fabrinet's Short Interest
Portfolio Pulse from Benzinga Insights
Fabrinet's short interest has increased by 22.51%, with 6.64% of its float sold short, indicating a bearish sentiment compared to its peers. It would take traders 2.97 days to cover these positions.
October 07, 2024 | 4:15 pm
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Fabrinet's short interest has increased significantly, with 6.64% of its float sold short, indicating a bearish sentiment. This is higher than the peer average of 2.70%.
The increase in short interest suggests a bearish sentiment among investors, as more shares are being shorted compared to its peers. This could lead to downward pressure on the stock price in the short term.
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