Roblox Corp. (RBLX) reported a significant decrease in short interest, dropping 7.47% since the last reporting period. The current volume of shares sold short stands at 13.92 million. This volume accounts for 2.23% of the total regular shares available for trading.
This short interest level places Roblox below its peer group average, which currently sits at 2.54%. The decline suggests fewer investors are betting against the stock, indicating a potentially more bullish market sentiment.
Technically, the stock features a Relative Strength Index (RSI) of 28.10. An RSI below 30 flags the stock as potentially "oversold." This technical reading suggests recent selling pressure may be subsiding, potentially positioning RBLX for a price rebound. No specific market reaction to this data has been detailed in available reports.