(MLGO) - Analyzing MicroAlgo's Short Interest
Portfolio Pulse from Benzinga Insights
MicroAlgo (NYSE:MLGO) has seen a significant increase in short interest, with 29.35% of its float sold short, a 78.64% rise since the last report. This is much higher than its peers' average of 2.48%. The high short interest could indicate bearish sentiment but also presents potential for a short squeeze.
October 31, 2024 | 7:45 pm
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MicroAlgo's short interest has increased by 78.64%, with 29.35% of its float sold short, significantly higher than its peers' average of 2.48%. This could indicate bearish sentiment but also suggests potential for a short squeeze.
The significant increase in short interest suggests bearish sentiment towards MicroAlgo. However, the high percentage of float sold short compared to peers could lead to a short squeeze if positive news or buying pressure occurs, making the short-term impact uncertain.
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