How Is The Market Feeling About Infosys?
Portfolio Pulse from Benzinga Insights
Infosys's (NYSE:INFY) short percent of float has fallen 4.08% since its last report, indicating a decrease in bearish sentiment. The company has 58.64 million shares sold short, which is 1.41% of all regular shares available for trading. Compared to its peers, Infosys has less short interest as a percentage of float, with an average of 4.64%.
August 04, 2023 | 11:34 am
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Decrease in short interest in Infosys indicates a decrease in bearish sentiment, which could potentially lead to a rise in stock price.
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 a rise in stock price.
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