(ADSK) - Analyzing Autodesk's Short Interest
Portfolio Pulse from Benzinga Insights
Autodesk's (NYSE:ADSK) short percent of float has fallen 15.54% since its last report, with 2.67 million shares sold short, which is 1.25% of all regular shares available for trading. It would take traders 1.55 days to cover their short positions on average. Autodesk's peer group average for short interest as a percentage of float is 3.40%, indicating the company has less short interest than most of its peers.
July 19, 2023 | 4:45 pm
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Autodesk's short percent of float has decreased, indicating less bearish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish. However, it's not a definitive indicator of a stock price increase. Other factors such as company performance, market conditions, and overall economic indicators also play a significant role in determining stock price movements.
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