Looking Into Autodesk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Autodesk's (NYSE:ADSK) short percent of float has risen 16.8% since its last report, with 3.12 million shares sold short, which is 1.46% of all regular shares available for trading. It would take traders 2.5 days to cover their short positions on average. Autodesk's peer group average for short interest as a percentage of float is 3.15%, which means the company has less short interest than most of its peers.
August 04, 2023 | 3:35 pm
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Autodesk's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The increase in Autodesk's short percent of float indicates that traders are expecting the stock price to fall. However, the fact that Autodesk has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100