How Is The Market Feeling About Credo Technology Group?
Portfolio Pulse from Benzinga Insights
Credo Technology Group (NYSE:CRDO) has seen a 6.8% increase in its short percent of float, now at 5.34%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 9.38%. Traders should be aware of the increased short interest.
October 11, 2024 | 2:45 pm
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Credo Technology Group's short interest has increased by 6.8%, now representing 5.34% of its float. This rise in short interest suggests a bearish sentiment among investors, although it remains below the peer average of 9.38%.
The increase in short interest suggests that investors are becoming more bearish on Credo Technology Group. Although the short interest is below the peer average, the rise could lead to downward pressure on the stock price in the short term.
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