How Is The Market Feeling About Fortinet?
Portfolio Pulse from Benzinga Insights
Fortinet's short interest has increased by 5.99%, with 14.52 million shares sold short, representing 2.3% of its float. This is below the peer average of 5.08%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 09, 2024 | 1:15 pm
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Fortinet's short interest has increased by 5.99%, with 14.52 million shares sold short, representing 2.3% of its float. This is below the peer average of 5.08%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since Fortinet's short interest is still below the peer average, the impact on the stock price is uncertain. The market sentiment could lead to volatility, but it doesn't necessarily predict a price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100