(NTAP) - Analyzing NetApp's Short Interest
Portfolio Pulse from Benzinga Insights
NetApp's short interest has increased by 21.83%, with 6.47 million shares sold short, representing 4.13% of its float. This is below the peer group average of 6.86%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 09, 2024 | 1:00 pm
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NetApp's short interest has increased significantly, indicating a potential bearish sentiment among investors. However, its short interest is still below the peer average, suggesting relatively less bearishness compared to peers.
The increase in short interest suggests that more investors are betting against NetApp, which could indicate a bearish outlook. However, since the short interest is below the peer average, it may not be as severe as it seems. The market sentiment could lead to short-term price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100