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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GlobalFoundries: Why Short Interest Is Elevated