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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100