(STM) - Analyzing STMicroelectronics's Short Interest
Portfolio Pulse from Benzinga Insights
STMicroelectronics (NYSE:STM) has seen an 8.85% increase in its short percent of float, now at 1.23% of available shares. This is lower than its peers' average of 4.62%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 31, 2024 | 4:00 pm
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STMicroelectronics has experienced an 8.85% increase in short interest, now at 1.23% of its float, which is below the peer average of 4.62%. This indicates a bearish sentiment but doesn't necessarily predict a price decline.
The increase in short interest suggests that investors are becoming more bearish on STM, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the impact.
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