Looking Into GameStop's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GameStop's short interest has increased by 4.38%, with 38.13 million shares sold short, representing 10.24% of its float. This is higher than its peers' average of 4.51%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 15, 2024 | 8:45 pm
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GameStop's short interest has increased to 10.24% of its float, indicating a bearish sentiment among investors. This is significantly higher than the peer average of 4.51%.
The increase in short interest to 10.24% suggests that investors are more bearish on GameStop compared to its peers, whose average short interest is 4.51%. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100