How Is The Market Feeling About Momentus?
Portfolio Pulse from Benzinga Insights
Momentus (NYSE:MNTS) has seen a significant increase in short interest, with 5.56% of its float sold short, up 67.98% since the last report. This is higher than the peer group average of 3.65%, indicating bearish sentiment. However, high short interest can sometimes be bullish if it leads to a short squeeze.
October 18, 2024 | 2:45 pm
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Momentus has experienced a 67.98% increase in short interest, now at 5.56% of its float, which is higher than its peers' average. This indicates bearish sentiment but also potential for a short squeeze.
The significant increase in short interest suggests that investors are bearish on Momentus, which could lead to downward pressure on the stock price. However, if the stock price rises, it could trigger a short squeeze, leading to a rapid price increase. The higher short interest compared to peers further emphasizes the bearish sentiment.
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