Looking Into ServiceNow's Recent Short Interest
Portfolio Pulse from Benzinga Insights
ServiceNow's (NYSE:NOW) short percent of float has fallen 16.76% since its last report, with 3.12 million shares sold short, which is 1.54% of all regular shares available for trading. It would take traders 3.06 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 5.38%.
August 04, 2023 | 9:48 am
News sentiment analysis
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ServiceNow's short interest has decreased, indicating a potentially bullish sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish on the stock. As such, the decrease in ServiceNow's short interest could potentially lead to an increase in its stock price.
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