Looking Into Qualcomm's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Qualcomm's short interest has increased by 7.94%, with 25.68 million shares sold short, representing 2.31% of its float. This is below the peer group average of 4.58%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 11, 2024 | 1:00 pm
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Qualcomm's short interest has increased by 7.94%, with 25.68 million shares sold short, representing 2.31% of its float. This is below the peer group average of 4.58%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest by 7.94% indicates a bearish sentiment among investors, which could lead to downward pressure on Qualcomm's stock price. However, since the short interest is still below the peer average, the impact might be limited.
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