(CPNG) - Analyzing Coupang's Short Interest
Portfolio Pulse from Benzinga Insights
Coupang's short interest has decreased by 11.11%, with 14.30 million shares sold short, representing 1.44% of its float. This is lower than its peers' average short interest of 9.60%. The decrease in short interest may indicate a more bullish sentiment towards Coupang.
October 15, 2024 | 1:00 pm
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Coupang's short interest has decreased by 11.11%, with 14.30 million shares sold short, representing 1.44% of its float. This is lower than its peers' average short interest of 9.60%. The decrease in short interest may indicate a more bullish sentiment towards Coupang.
The decrease in short interest suggests that fewer investors are betting against Coupang, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that Coupang's short interest is significantly lower than its peers, which may lead to a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100