Looking Into Rivian Automotive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Rivian Automotive's short interest has increased by 11.98%, with 19.07% of its float sold short. This is significantly higher than its peers' average of 8.51%. The high short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 25, 2024 | 3:15 pm
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Rivian Automotive's short interest has increased significantly, with 19.07% of its float sold short, indicating bearish sentiment. This is much higher than the peer average of 8.51%.
The increase in short interest to 19.07% suggests that investors are more bearish on Rivian compared to its peers, whose average short interest is 8.51%. This could lead to downward pressure on the stock price as more investors bet against it.
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