Looking Into Mobileye Global's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Mobileye Global (NYSE:MBLY) has seen a significant increase in short interest, with 28.73% of its float sold short. This is much higher than its peers' average of 7.26%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 29, 2024 | 7:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Mobileye Global's short interest has increased by 27.29%, now at 28.73% of its float, indicating potential bearish sentiment. This is significantly higher than its peers' average short interest of 7.26%.
The significant increase in short interest suggests that investors are more bearish on Mobileye Global compared to its peers. This could lead to downward pressure on the stock price in the short term as more investors bet against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100