Peering Into Coherent's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Coherent (NYSE:COHR) has seen a 27.39% increase in its short percent of float, now at 5.86% of available shares. This is higher than its peers' average of 3.72%. It would take traders 2.05 days to cover short positions. Increased short interest can indicate bearish sentiment but may also present bullish opportunities.
October 18, 2024 | 2:45 pm
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Coherent's short interest has increased by 27.39%, now at 5.86% of float, indicating higher bearish sentiment compared to peers. This could lead to increased volatility in the stock price.
The increase in short interest suggests that investors are more bearish on Coherent compared to its peers, which could lead to increased volatility. However, it does not necessarily predict a price drop, as high short interest can also lead to a short squeeze, potentially driving the price up.
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