How Is The Market Feeling About Riot Platforms?
Portfolio Pulse from Benzinga Insights
Riot Platforms (NYSE:RIOT) has seen a 3.27% increase in its short percent of float, now at 16.75%, indicating a bearish sentiment compared to its peers with an average of 10.86%. This could signal potential volatility in the stock's price.
October 22, 2024 | 6:00 pm
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Riot Platforms has experienced a 3.27% increase in short interest, now at 16.75% of its float, suggesting a bearish market sentiment. This is higher than its peers' average short interest of 10.86%.
The increase in short interest to 16.75% suggests that investors are more bearish on Riot Platforms compared to its peers, which have an average short interest of 10.86%. This could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100