Flex Short Interest Falls 8.86%, Below Peer Group Average

Flex's FLEX short percent of float has fallen 8.86% since its last report, with 8.07 million shares sold short, which is 2.47% of all regular shares available for trading. The short interest is important to track as it can act as an indicator of market sentiment towards a particular stock. A decrease in short interest can signal that investors have become more bullish. Comparing Flex's short interest to its peers, the company has less short interest than most of its peers.

Flex Ltd. (NASDAQ: FLEX), a leading provider of technology, supply chain, and manufacturing solutions, has seen a significant decrease in its short interest percentage of float. According to the latest data, the short interest has fallen by 8.86% since the last report, with 8.07 million shares sold short, representing 2.47% of all regular shares available for trading [1].

This decline in short interest is a positive indicator of market sentiment towards Flex. A decrease in short interest can signal that investors have become more bullish on the company's prospects. Analysts have been generally optimistic about Flex, with a consensus rating of "Buy" and a forecasted price target of $32.00, indicating an upside of 23.6% from its current price of $25.88 [1].

Comparatively, Flex has less short interest than most of its peers in the Computer and Technology sector. This relatively lower short interest could be an indication of stronger institutional trust in the company. Flex's high institutional ownership, at 95.26%, further supports this view [1].

Additionally, Flex's earnings growth is expected to grow by 11.74% in the coming year, from $2.13 to $2.38 per share, and its P/E ratio is 15.05, which is lower than both the market average and the sector average [1]. These factors contribute to a more favorable investment outlook for Flex.

In summary, the significant decrease in Flex's short interest percentage of float is a positive sign of improving market sentiment. Combined with positive analyst ratings and expected earnings growth, Flex appears to be a solid investment choice for those looking for opportunities in the technology sector.

References:
[1] https://www.marketbeat.com/stocks/NASDAQ/FLEX/