Looking Into AppLovin's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AppLovin's short interest has increased by 19.24%, with 20.60 million shares sold short, representing 7.19% of its float. This is higher than its peers' average of 3.03%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 10, 2024 | 4:00 pm
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AppLovin's short interest has increased significantly, indicating bearish sentiment. With 7.19% of its float shorted, it surpasses the peer average of 3.03%. This could lead to volatility but doesn't guarantee a price drop.
The increase in short interest to 7.19% of float, higher than the peer average, suggests bearish sentiment. This could lead to increased volatility and potential downward pressure on the stock price.
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