Peering Into Celestica's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Celestica's short interest has decreased by 10.37%, with 3.14 million shares sold short, representing 2.68% of its float. This is below the peer group average of 3.17%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 22, 2024 | 6:15 pm
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Celestica's short interest has decreased by 10.37%, with 3.14 million shares sold short, representing 2.68% of its float. This is below the peer group average of 3.17%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Celestica, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that Celestica's short interest is below the peer group average, indicating relatively stronger sentiment compared to its peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100