Peering Into Dell Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dell Technologies' (NYSE:DELL) short percent of float has fallen 14.14% since its last report, with 8.03 million shares sold short, which is 3.28% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Dell has less short interest as a percentage of float, with the average being 6.45%.
July 24, 2023 | 2:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Dell Technologies' short percent of float has decreased, indicating a potential bullish sentiment towards the stock. Compared to its peers, Dell has less short interest.
A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. As Dell's short interest has decreased and is lower than its peers, this could potentially be a positive sign for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100