Looking Into Cisco Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems's (NASDAQ:CSCO) short percent of float has risen 15.45% since its last report, with 57.94 million shares sold short, which is 1.42% of all regular shares available for trading. It would take traders 3.1 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cisco Systems's peer group average for short interest as a percentage of float is 6.31%, which means the company has less short interest than most of its peers.
June 29, 2023 | 4:15 pm
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Cisco Systems's short percent of float has risen 15.45% since its last report, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short percent of float indicates that more investors are betting against Cisco Systems, which could put downward pressure on the stock price in the short term. However, the company's lower short interest compared to its peers suggests that it may be less vulnerable to a short squeeze.
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