Looking Into Global E Online's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Global E Online (NYSE:GLBE) has seen a 10.64% increase in its short percent of float, now at 9.15%. This indicates a bearish sentiment among investors, although its short interest is below the peer group average of 9.64%.
October 30, 2024 | 6:45 pm
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Global E Online's short interest has increased by 10.64%, reaching 9.15% of its float. This suggests a bearish sentiment, but it's still below the peer average of 9.64%.
The increase in short interest suggests that investors are becoming more bearish on Global E Online. However, since the short interest is still below the peer average, the impact might be less severe. The stock could face downward pressure in the short term due to increased short selling.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100