(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.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100