(ZM) - Analyzing Zoom Video Comms's Short Interest
Portfolio Pulse from Benzinga Insights
Zoom Video Communications (NYSE:ZM) has seen a 9.93% increase in its short percent of float, now at 3.32% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it surpasses the peer group average of 3.16%.
November 01, 2024 | 2:45 pm
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Zoom Video Communications has experienced a 9.93% increase in short interest, now at 3.32% of its float, indicating a bearish sentiment among investors. This is higher than the peer group average of 3.16%.
The increase in short interest suggests that investors are more bearish on Zoom's stock, as it indicates more traders are betting on a price decline. This sentiment is further emphasized by the fact that Zoom's short interest is higher than its peers, which could lead to downward pressure on the stock price in the short term.
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IMPORTANCE 80
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