How Is The Market Feeling About Stride?
Portfolio Pulse from Benzinga Insights
Stride (NYSE:LRN) has seen a 24.01% increase in its short percent of float, with 7.29 million shares sold short, representing 23.5% of its float. This is significantly higher than its peers' average of 4.74%. The high short interest could indicate bearish sentiment but also presents a potential for a short squeeze.
October 25, 2024 | 4:15 pm
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Stride's short interest has increased by 24.01%, with 23.5% of its float sold short, indicating a potential bearish sentiment. However, this high short interest compared to peers could also lead to a short squeeze.
The significant increase in short interest suggests bearish sentiment among investors, which could pressure the stock price downward. However, the high level of short interest compared to peers also raises the possibility of a short squeeze, which could lead to a rapid price increase if short sellers rush to cover their positions.
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IMPORTANCE 80
RELEVANCE 100