How Is The Market Feeling About Cognizant Tech Solns?
Portfolio Pulse from Benzinga Insights
Cognizant Tech Solns's (NYSE:CTSH) short percent of float has fallen 6.82% since its last report, indicating a more bullish market sentiment towards the company. The company has 7.37 million shares sold short, which is 1.64% of all regular shares available for trading. Compared to its peers, Cognizant has less short interest as a percentage of float, with the average being 4.53%.
July 26, 2023 | 5:15 pm
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The decrease in short interest in Cognizant Tech Solns indicates a more bullish sentiment towards the company. This could potentially lead to an increase in the company's stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the company's stock price.
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