Looking Into SentinelOne's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SentinelOne's short interest has increased by 27.12%, with 13.26 million shares sold short, representing 4.64% of its float. This is slightly below the peer group average of 4.73%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 15, 2024 | 5:15 pm
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SentinelOne's short interest has increased significantly, indicating a bearish sentiment among investors. However, its short interest is still below the peer average, suggesting a relatively better position.
The increase in short interest by 27.12% suggests that investors are becoming more bearish on SentinelOne. However, since its short interest is still below the peer average, it indicates that while there is increased bearish sentiment, it is not as severe as for its peers. This could lead to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100