Looking Into Iridium Comms's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Iridium Communications (NYSE:IRDM) has seen a 3.66% decrease in its short percent of float, now at 6.06%. This suggests a more bullish sentiment compared to its peers, whose average short interest is 6.63%.
October 22, 2024 | 1:15 pm
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Iridium Communications has experienced a 3.66% decrease in short interest, now at 6.06% of float. This suggests a more bullish sentiment compared to its peers, whose average short interest is 6.63%.
The decrease in short interest suggests that investors are becoming less bearish on Iridium Communications. With a lower short interest compared to its peers, this could indicate a more positive outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100