How Is The Market Feeling About Micron Technology?
Portfolio Pulse from Benzinga Insights
Micron Technology's short interest has decreased by 7.49%, with 34.17 million shares sold short, representing 3.09% of its float. This is lower than the peer group average of 4.54%, indicating a relatively bullish sentiment compared to its peers.
October 15, 2024 | 8:30 pm
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Micron Technology's short interest has decreased by 7.49%, indicating a more bullish sentiment compared to its peers, as its short interest is below the peer average.
The decrease in short interest by 7.49% suggests that investors are less bearish on Micron Technology. With its short interest at 3.09% of float, which is below the peer average of 4.54%, this indicates a relatively more bullish sentiment towards Micron compared to its peers. This could lead to a positive short-term impact on the stock price.
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