(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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100