(MBLY) - Analyzing Mobileye Global's Short Interest
Portfolio Pulse from Benzinga Insights
Mobileye Global (NYSE:MBLY) has seen a significant increase in short interest, with 21.39% of its float sold short, compared to a peer average of 7.56%. This rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 09, 2024 | 4:30 pm
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Mobileye Global's short interest has increased by 31.07%, now at 21.39% of its float, indicating potential bearish sentiment. However, this doesn't necessarily predict a price decline.
The significant increase in short interest suggests that investors are more bearish on Mobileye Global, which could lead to downward pressure on the stock price. However, short interest alone doesn't guarantee a price drop, as it can also lead to a short squeeze if the stock price rises.
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