How Is The Market Feeling About MongoDB?
Portfolio Pulse from Benzinga Insights
MongoDB's short interest has decreased by 12.57%, with 3.38 million shares sold short, representing 4.73% of its float. This is lower than its peers' average of 6.11%. The decrease in short interest may indicate a more bullish sentiment towards MongoDB.
October 11, 2024 | 1:15 pm
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MongoDB's short interest has decreased by 12.57%, with 3.38 million shares sold short, representing 4.73% of its float. This is lower than its peers' average of 6.11%. The decrease in short interest may indicate a more bullish sentiment towards MongoDB.
The decrease in short interest suggests that fewer investors are betting against MongoDB, which can be interpreted as a sign of increased confidence in the stock. Additionally, MongoDB's short interest is lower than its peers, which may further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100