Looking Into Automatic Data Processing's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Automatic Data Processing's (NYSE:ADP) short percent of float has fallen 4.0% since its last report, with 4.97 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards ADP. Compared to its peers, ADP has less short interest as a percentage of float, with the average being 5.99%.
July 20, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Decrease in short interest could indicate a more bullish sentiment towards ADP. It has less short interest compared to its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. ADP's short interest has decreased and is less than its peers, which could indicate a more positive sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100