(ADP) - Analyzing Automatic Data Processing's Short Interest
Portfolio Pulse from Benzinga Insights
Automatic Data Processing's (NYSE:ADP) short percent of float has fallen 11.38% since its last report, with 4.51 million shares sold short, which is 1.09% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, ADP has less short interest as a percentage of float, with an average of 5.57%.
August 14, 2023 | 3:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards ADP.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. As such, the decrease in short interest for ADP could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
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