Looking Into Penumbra's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Penumbra's short interest has decreased by 14.15%, with 2.26 million shares sold short, representing 8.19% of its float. This is higher than its peers' average of 3.98%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
October 18, 2024 | 3:30 pm
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Penumbra's short interest has decreased by 14.15%, now at 8.19% of its float, which is higher than the peer average of 3.98%. This decrease may suggest a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Penumbra, which could indicate a more positive outlook on the stock. The fact that its short interest is still higher than peers suggests that while sentiment may be improving, there is still some bearish sentiment present.
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