(SERV) - Analyzing Serve Robotics's Short Interest
Portfolio Pulse from Benzinga Insights
Serve Robotics (NYSE:SERV) has seen a 5.52% increase in short interest, with 16.24% of its float sold short. This is higher than its peers' average of 9.29%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 23, 2024 | 6:45 pm
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Serve Robotics has experienced a 5.52% increase in short interest, now at 16.24% of its float, which is higher than its peers' average. This could indicate bearish sentiment, but doesn't guarantee a price drop.
The increase in short interest suggests that investors are more bearish on Serve Robotics compared to its peers. This could lead to downward pressure on the stock price in the short term, although it is not a definitive indicator of a price drop.
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