(CDW) - Analyzing CDW's Short Interest
Portfolio Pulse from Benzinga Insights
CDW's short percent of float has fallen 12.5% since its last report, with 1.32 million shares sold short, which is 1.12% of all regular shares available for trading. It would take traders 1.62 days to cover their short positions on average. CDW's peer group average for short interest as a percentage of float is 3.63%, indicating that the company has less short interest than most of its peers.
July 11, 2023 | 5:45 pm
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CDW's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee that the stock price will rise in the near term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100