How is SkyWater Technology Inc. Perceived by the Market?

SkyWater Technology Inc: Recent Short Interest Trends

SkyWater Technology Inc (NYSE: SKYT) has experienced a 9.88% increase in short interest relative to its float since the previous report. Current exchange data shows that 3.49 million shares are being held short, representing 11.34% of the company’s publicly traded shares. At the current trading pace, it would take traders an average of 2.32 days to cover these short positions.

The Significance of Short Interest

Short interest refers to the total number of shares that have been sold short but have not yet been repurchased or closed. In short selling, investors sell shares they do not own, anticipating a decline in the stock’s price. If the price drops, short sellers can buy back the shares at a lower cost, profiting from the difference. However, if the price rises, they incur losses.

Monitoring short interest is important because it offers insight into market sentiment. A rise in short interest often suggests that investors are becoming more pessimistic about a stock, while a decline may indicate growing optimism.

Short Interest for SkyWater Technology Inc Over the Past Three Months

The chart above illustrates that the proportion of SkyWater Technology Inc shares sold short has increased since the last update. While this does not necessarily mean the stock’s price will decline soon, it is a trend that investors should keep in mind.

How SkyWater Technology Inc Compares to Its Industry Peers

Analysts and investors often use peer comparisons to evaluate a company’s performance. Peers are typically companies with similar industry profiles, sizes, ages, and financial structures. Peer groups can be identified through company filings or independent analysis.

According to Benzinga Pro, the average short interest as a percentage of float among SkyWater Technology Inc’s peers is 12.57%. This indicates that SkyWater’s short interest is currently lower than that of most comparable companies.

This article was produced using Benzinga’s automated content tools and has been reviewed by an editor.