How Is The Market Feeling About GigaCloud Tech?
Portfolio Pulse from Benzinga Insights
GigaCloud Tech (NYSE:GCT) has seen a significant rise in its short percent of float, now at 36.7%, indicating increased bearish sentiment compared to its peers. This could impact the stock's short-term price movements.
October 11, 2024 | 7:15 pm
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GigaCloud Tech's short interest has risen to 36.7% of its float, significantly higher than its peers' average of 4.10%. This indicates increased bearish sentiment, which could lead to volatility in the stock's price.
The increase in short interest to 36.7% suggests that investors are more bearish on GigaCloud Tech compared to its peers, which have an average short interest of 4.10%. This could lead to downward pressure on the stock price as more investors bet against it.
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