(CSCO) - Analyzing Cisco Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems's (NYSE:CSCO) short percent of float has fallen 3.29% since its last report, with 59.94 million shares sold short, which is 1.47% 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, Cisco has less short interest, with an average of 6.69% for its peer group.
August 30, 2023 | 5:30 pm
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Cisco Systems's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. Compared to its peers, Cisco has less short interest.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Cisco'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.
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