Looking Into Snowflake's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Snowflake's short interest has decreased by 8.51%, with 11.50 million shares sold short, representing 3.55% of its float. This is lower than its peers' average short interest of 6.47%. The decrease in short interest may indicate a more bullish sentiment towards Snowflake.
October 08, 2024 | 4:00 pm
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Snowflake's short interest has decreased by 8.51%, with 11.50 million shares sold short, representing 3.55% of its float. This is lower than its peers' average short interest of 6.47%. The decrease in short interest may indicate a more bullish sentiment towards Snowflake.
The decrease in short interest suggests that fewer investors are betting against Snowflake, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Snowflake's short interest is lower than the average of its peers, potentially making it more attractive to investors.
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RELEVANCE 100