(GLOB) - Analyzing Globant's Short Interest
Portfolio Pulse from Benzinga Insights
Globant's short interest has decreased by 3.52%, with 2.31 million shares sold short, representing 5.48% of its float. This is higher than its peers' average of 3.21%. It would take 4.64 days to cover these positions based on trading volume.
October 31, 2024 | 2:45 pm
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NEUTRAL IMPACT
Globant's short interest has decreased by 3.52%, with 5.48% of its float shorted, which is higher than its peers' average of 3.21%. This suggests a relatively bearish sentiment compared to peers.
The decrease in short interest suggests a slight shift towards a more bullish sentiment, but the fact that Globant's short interest is still higher than its peers indicates a relatively bearish outlook. This mixed signal results in a neutral short-term price impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100