Looking Into Jet AI's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Jet AI's short interest has increased by 86.86%, with 1.58 million shares sold short, representing 11.66% of its float. This is higher than its peers' average short interest of 11.45%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.
October 17, 2024 | 7:15 pm
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Jet AI's short interest has increased significantly, indicating bearish sentiment. With 11.66% of its float shorted, it surpasses the peer average of 11.45%. This could lead to volatility in the stock price.
The significant increase in short interest suggests that investors are bearish on Jet AI, which could lead to downward pressure on the stock price. The fact that its short interest is higher than the peer average further supports this sentiment. However, short interest alone does not guarantee a price drop, but it does indicate potential volatility.
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