Peering Into Palantir Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Palantir Technologies (NYSE:PLTR) has seen a 45.4% increase in short interest, with 97.63 million shares sold short, representing 4.9% of its float. This is higher than the peer group average of 3.12%. The increase in short interest may indicate bearish sentiment, but it can also be a bullish signal.
October 24, 2024 | 4:17 pm
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Palantir Technologies has experienced a significant increase in short interest, now at 4.9% of its float, which is higher than its peers. This could indicate bearish sentiment but also presents a potential bullish opportunity.
The 45.4% increase in short interest suggests that investors are more bearish on Palantir compared to its peers, as its short interest is above the peer average. However, high short interest can also lead to a short squeeze, potentially driving the stock price up if traders rush to cover their positions.
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