(PL) -The short interest of Planet Labs -Planetary Lab (NYSE: PL)

Planetary laboratory PL Since the last report, the short percentage of floating -point has increased by 10.34 %. The company recently reported 5.41 million shares were soldIt is 2.24 % of all conventional shares used for transactions. According to its transaction volume, Traders need to cover their short positions for 1.71 days.

Why is short benefit important

The short -term interest is the number of shares that have been sold but have not been sold or closed. Selling short is when traders sell their stocks that they do not have a company, they hope the price will fall. If the price of the stock falls, traders make money from short sales, and if the stock rises, it will make money.

Short interest is important for tracking because it can act as indicators for market emotions for specific stocks. The increase in short -term interest may indicate that investors have become more declining, and the reduction of short -term interest may indicate that they have become more up.

See: The shortest stock list

Planet laboratory short interest chart (3 months)

It can be seen from the above chart that since the last report, the percentage of Planet Labs prices has increased. This does not mean that the stock will fall in the near future, but traders should realize that more shares are shortened.

Compare Planet Labs with a short -term interest with peers

Pass comparison is a popular technology for analysts and investors to measure the company’s performance. The company’s counterparts are similar companies with similar characteristics such as industry, scale, age, and financial structure. You can find the company’s peer group by reading 10-K, an agent application or your own similarity analysis.

According to Benzinga PRO, the average floating point percentage of Planet Labs’s peer groups is 3.97 %, which means that the company owns Less Better interest than most peers.

Do you know that the shorter and shorter interest may actually be Look up stock? This article of Benzinga Money explains how you profit from it.

This article is generated by the automatic content engine of Benzinga and was reviewed by the editor.