How Is The Market Feeling About Analog Devices?
Portfolio Pulse from Benzinga Insights
Analog Devices (NYSE:ADI) has seen a 16.17% increase in its short percent of float, now at 1.94% of all regular shares. This indicates a rise in bearish sentiment, although its short interest is still below the peer group average of 4.59%.
October 18, 2024 | 7:45 pm
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Analog Devices has experienced a 16.17% increase in short interest, now at 1.94% of its float. This suggests a rise in bearish sentiment, but its short interest remains below the peer average of 4.59%.
The increase in short interest suggests that investors are becoming more bearish on Analog Devices, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the negative impact.
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