Peering Into Cisco Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems's (NYSE:CSCO) short percent of float has fallen 7.75% since its last report, with 53.19 million shares sold short, which is 1.31% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Cisco has less short interest, with an average of 6.52% for its peer group.

July 18, 2023 | 1:45 pm
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Cisco Systems's short interest has decreased, potentially indicating a more bullish market sentiment. However, this does not guarantee a rise in stock price in the near term.
A decrease in short interest can indicate a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, this is not a definitive indicator of a stock's future performance, and other factors should also be considered. Therefore, while the decrease in short interest could be seen as a positive sign for Cisco, it does not guarantee that the stock price will rise in the near term.
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