PI - Impinj: What May Be Motivating The Shorts?
2024-06-18 08:50:32 ET
Summary
- Impinj has seen its stock rally along with a major improvement in earnings, which was mostly the result of cash infusions from NXP Semiconductors.
- The cash from NXPI has made a big difference, but it would be premature to assume this benefit is guaranteed to continue in the coming years.
- PI has done very well recently, but the shorts do not appear to have changed their mind, and there may be several reasons why.
- The stock has trended higher and PI has delivered much better results, but the bull case has hurdles standing in the way.
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Impinj: What May Be Motivating The Shorts?