Looking Into eBay's Recent Short Interest
Portfolio Pulse from Benzinga Insights
eBay's short interest has decreased by 21.88%, with 22.09 million shares sold short, representing 5.14% of its float. This is lower than its peers' average short interest of 9.44%. The decrease in short interest may indicate a more bullish sentiment towards eBay.
October 21, 2024 | 2:30 pm
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eBay's short interest has decreased significantly, suggesting a potential shift in market sentiment towards a more bullish outlook. The current short interest is 5.14% of the float, which is lower than the peer average of 9.44%.
The decrease in short interest by 21.88% suggests that fewer investors are betting against eBay, which could indicate a more positive outlook on the stock. With eBay's short interest lower than its peers, this may reflect a relatively stronger confidence in eBay's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100