Peering Into Flex's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Flex's short interest has increased by 10%, with 7.03 million shares sold short, representing 2.64% of its float. This is slightly below the peer group average of 2.90%. The rise in short interest suggests a bearish sentiment, but it doesn't necessarily predict a price drop.
October 08, 2024 | 6:30 pm
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Flex's short interest has increased by 10%, with 7.03 million shares sold short, representing 2.64% of its float. This is slightly below the peer group average of 2.90%. The rise in short interest suggests a bearish sentiment, but it doesn't necessarily predict a price drop.
The increase in short interest indicates a bearish sentiment among investors, but since Flex's short interest is still below the peer average, it doesn't strongly suggest an imminent price drop. The market sentiment is cautious, but not overly negative.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100