(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short percent of float has fallen 13.97% since its last report, with 4.03 million shares sold short, which is 1.97% of all regular shares available for trading. It would take traders 1.92 days to cover their short positions on average. Workday's peer group average for short interest as a percentage of float is 3.37%, indicating the company has less short interest than most of its peers.
July 19, 2023 | 2:30 pm
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Workday's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
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