How Is The Market Feeling About Dell Technologies?
Portfolio Pulse from Benzinga Insights
Dell Technologies' short percent of float has fallen 22.56% since its last report, with 6.33 million shares sold short, which is 2.54% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Dell. Compared to its peers, Dell has less short interest as a percentage of float, with an average of 6.29%.
August 09, 2023 | 6:00 pm
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Dell's short percent of float has decreased, indicating a potential shift towards a more bullish market sentiment. This could positively impact the stock in the short term.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer traders are betting on the stock's price to fall. This could lead to an increase in buying pressure and potentially drive up the stock's price in the short term.
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