Applied Digital Corp's Short Interest Soars 4.73% Amid Bearish Market Sentiment

Applied Digital Corp's (NYSE:APLD) short interest has risen 4.73% since its last report, with 79.17 million shares sold short, representing 30.79% of all regular shares available for trading. This increase in short interest can signal a bearish market sentiment towards the company. However, it's worth noting that a rise in short interest can also be bullish in some cases. The company's peer group average for short interest is 6.40%, which means Applied Digital Corp has more short interest than most of its peers.