Looking Into Nasdaq's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nasdaq's (NYSE:NDAQ) short percent of float has fallen 5.13% since its last report, with 5.03 million shares sold short, which is 1.48% of all regular shares available for trading. It would take traders 1.2 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Nasdaq's peer group average for short interest as a percentage of float is 3.89%, indicating less short interest than most of its peers.
August 18, 2023 | 7:00 pm
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Nasdaq's short percent of float has decreased, indicating a more bullish sentiment among investors. The company has less short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock price. Additionally, having less short interest than its peers could make Nasdaq more attractive to investors.
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