Looking Into NuScale Power's Recent Short Interest
Portfolio Pulse from Benzinga Insights
NuScale Power (NYSE:SMR) has seen a 7.47% increase in short interest, with 21.50 million shares sold short, representing 23.88% of its float. This is significantly higher than its peers' average short interest of 8.42%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.
October 24, 2024 | 6:15 pm
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NuScale Power's short interest has increased by 7.47%, with 23.88% of its float sold short, indicating a bearish sentiment. However, this high short interest compared to peers could also lead to a short squeeze.
The increase in short interest suggests bearish sentiment, but the high percentage compared to peers could lead to a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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