(GPRO) - Analyzing GoPro's Short Interest
Portfolio Pulse from Benzinga Insights
GoPro's short interest has decreased by 6.67%, with 6.26 million shares sold short, representing 5.04% of its float. This is lower than the peer group average of 10.23%. The decrease in short interest may indicate a more bullish sentiment towards GoPro.
October 15, 2024 | 8:45 pm
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GoPro's short interest has decreased by 6.67%, with 6.26 million shares sold short, representing 5.04% of its float. This is lower than the peer group average of 10.23%. The decrease in short interest may indicate a more bullish sentiment towards GoPro.
The decrease in short interest suggests that fewer investors are betting against GoPro, which can be interpreted as a sign of increased confidence in the stock. Additionally, GoPro's short interest is lower than its peers, which may further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100