MACOM Technology Solns' MTSI short float percentage has decreased by 4.08% since the last report. The company recently reported short selling 3.93 Million shares, which represents 7.05% of all available common stock. Based on the company's trading volume, it takes traders an average of 6.38 days to liquidate their short positions.
Why short selling is important
Short interest is the number of shares that have been sold short but not yet covered or settled. Short selling occurs when a trader sells shares of a company that they do not own in the hope that the price will fall. Traders make a profit from shorting if the stock price falls and lose money if the stock price rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can indicate that investors are becoming more bearish, while a decrease in short interest can indicate that investors are becoming more bullish.
See: List of most shorted stocks
MACOM Technology Solns Short Interest Chart (3 Months)
As can be seen from the chart above, the percentage of shares sold short for MACOM Technology Solns has decreased since the last report: While this does not mean the stock price will rise in the short term, traders should be aware that fewer shares are being sold short.
MACOM Technology Solns short interest balance compared to its peers
Peer comparisons are a common way analysts and investors gauge a company's performance. A company's peers are other companies that have similar characteristics to the company, such as industry, size, history, or financial structure. You can find a company's peer group by reading a company's 10-K or proxy statement, or by conducting your own similarity analysis.
According to Benzinga Pro, MACOM Technology Solns' peer group average short interest as a percentage of shares outstanding is 4.12%, meaning the company has a higher short interest than most of its peers.
Did you know that rising short interest can actually be a bullish sign for a stock? This post from Benzinga Money explains how you can profit from short interest.
This article was generated by Benzinga's automated content engine and has been reviewed by an editor.
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