(NXT) - Analyzing NEXTracker's Short Interest
Portfolio Pulse from Benzinga Insights
NEXTracker's short interest has decreased by 4.89%, with 12.59 million shares sold short, representing 9.91% of its float. This is slightly higher than its peers' average of 9.85%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
October 28, 2024 | 7:15 pm
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NEXTracker's short interest has decreased by 4.89%, with 12.59 million shares sold short, representing 9.91% of its float. This is slightly higher than its peers' average of 9.85%. The decrease in short interest may indicate a shift towards a more bullish sentiment.
The decrease in short interest suggests that fewer investors are betting against NEXTracker, which could indicate a more positive outlook on the stock. This change in sentiment might lead to a short-term price increase as bearish pressure lessens.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100