Looking Into Cirrus Logic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cirrus Logic (NYSE:CRUS) has seen a 40.43% increase in its short percent of float, now at 4.55%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 9.17%.
October 14, 2024 | 8:30 pm
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Cirrus Logic's short interest has increased by 40.43%, now representing 4.55% of its float. This suggests a rise in bearish sentiment, although it remains below the peer average of 9.17%.
The increase in short interest suggests that investors are becoming more bearish on Cirrus Logic, which could lead to downward pressure on the stock price. However, since the short interest is still below the peer average, the impact might be less severe.
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