How Is The Market Feeling About Zscaler?
Portfolio Pulse from Benzinga Insights
Zscaler's short interest has decreased by 6.49%, with 4.85 million shares sold short, representing 5.19% of its float. This is higher than its peers' average of 4.70%. The decrease in short interest may indicate a more bullish sentiment towards Zscaler.
October 14, 2024 | 7:00 pm
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Zscaler's short interest has decreased by 6.49%, with 4.85 million shares sold short, representing 5.19% of its float. This is higher than its peers' average of 4.70%. The decrease in short interest may indicate a more bullish sentiment towards Zscaler.
The decrease in short interest suggests that fewer investors are betting against Zscaler, which could indicate a shift towards a more positive market sentiment. This is particularly notable as Zscaler's short interest remains higher than its peers, suggesting that the market may be starting to view Zscaler more favorably compared to its previous stance.
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