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home / news releases / globalfoundries why short interest is elevated

SSNLF - GlobalFoundries: Why Short Interest Is Elevated

Samsung Electronics Co Ltd

2024-06-22 05:13:55 ET

Summary

  • Short interest in GFS is higher than most, especially in the foundry space, and there appears to be several reasons why.
  • The foundry market is still facing soft demand, except in some areas, but GFS seems to be having a tougher time than other foundries.
  • An important shareholder of GFS decided to sell millions of shares, although it retains an even larger number of shares.
  • GFS has benefited from U.S. financial assistance, as did others, butthis could eventually create a formidable competitor on home soil.

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For further details see:

GlobalFoundries: Why Short Interest Is Elevated
Stock Information
Company Name: Samsung Electronics Co Ltd
Stock Symbol: SSNLF
Market: OTC
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