(VMW) - Analyzing VMware's Short Interest
Portfolio Pulse from Benzinga Insights
VMware's (NYSE:VMW) short percent of float has risen 5.77% since its last report, with 2.87 million shares sold short, which is 1.1% of all regular shares available for trading. It would take traders 1.96 days to cover their short positions on average. The company's short interest is less than its peer group average of 5.55%.
July 12, 2023 | 8:15 pm
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VMware's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. This can create a bearish sentiment around the stock. However, VMware's short interest is less than its peer group average, which could mean that it is performing better than its peers in the eyes of traders.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100