Peering Into Infosys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Infosys's (NYSE:INFY) short percent of float has risen 30.48% since its last report, with 56.95 million shares sold short, which is 1.37% of all regular shares available for trading. It would take traders 5.77 days to cover their short positions on average. Infosys's peer group average for short interest as a percentage of float is 2.52%, which means the company has less short interest than most of its peers.
July 12, 2023 | 5:30 pm
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Infosys's short percent of float has risen 30.48% since its last report. The company has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that the price of Infosys's stock will fall. However, the company has less short interest than most of its peers, which could mean that the market sentiment towards Infosys is less bearish compared to its peers. This could potentially limit the downward pressure on the stock price in the short term.
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