How Is The Market Feeling About Dell Technologies?
Portfolio Pulse from Benzinga Insights
Dell Technologies' short percent of float has decreased by 19.41% since its last report, with 6.83 million shares sold short, representing 2.74% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Dell. Compared to its peers, Dell has less short interest, with the average for its peer group being 6.16%.
August 25, 2023 | 7:00 pm
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The decrease in short interest for Dell Technologies could indicate a more bullish sentiment towards the company's stock. This, combined with the fact that Dell's short interest is lower than its peer group average, could potentially have a positive impact on the stock's price in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in the stock's price. Furthermore, Dell's short interest being lower than its peer group average could be seen as a positive sign by investors, potentially leading to increased demand for the stock.
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