How Is The Market Feeling About Arista Networks?
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a 21.66% decrease in its short percent of float since its last report, with 3.09 million shares sold short, representing 1.23% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Arista Networks has less short interest, with the average for its peer group being 6.70%.
September 05, 2023 | 3:15 pm
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A decrease in short interest for Arista Networks could indicate a more bullish sentiment towards the company's stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Given that Arista Networks' short interest has decreased by 21.66%, this could indicate a more bullish sentiment towards the company's stock.
CONFIDENCE 80
IMPORTANCE 75
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