How Is The Market Feeling About IBM?
Portfolio Pulse from Benzinga Insights
IBM's short percent of float has decreased by 4.73% since its last report, with 25.61 million shares sold short, representing 2.82% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards IBM. Compared to its peers, IBM has less short interest as a percentage of float, with an average of 4.48%.
July 26, 2023 | 4:45 pm
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IBM's decrease in short interest could indicate a more bullish sentiment towards the stock. This, combined with its lower short interest compared to peers, could potentially impact the stock positively.
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. Additionally, IBM's lower short interest compared to its peers could make it a more attractive investment, potentially leading to further price increases.
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