Peering Into Arista Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Arista Networks's (NYSE:ANET) short percent of float has fallen 20.27% since its last report, with 4.43 million shares sold short, which is 1.77% of all regular shares available for trading. It would take traders 1.18 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 6.64%.
July 21, 2023 | 4:00 pm
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POSITIVE IMPACT
Arista Networks's short percent of float has decreased, indicating a potentially 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