Looking Into CDW's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CDW's short percent of float has risen 16.28% since its last report, with 1.76 million shares sold short, which is 1.5% of all regular shares available for trading. It would take traders 3.27 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. CDW's peer group average for short interest as a percentage of float is 3.16%, which means the company has less short interest than most of its peers.
August 23, 2023 | 7:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CDW's short percent of float has risen 16.28%, indicating a more bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that investors are expecting the price of CDW's stock to fall. However, the fact that CDW 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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100