(INFY) - Analyzing Infosys's Short Interest
Portfolio Pulse from Benzinga Insights
Infosys's (NYSE:INFY) short percent of float has fallen 15.93% since its last report, with 39.36 million shares sold short, which is 0.95% of all regular shares available for trading. It would take traders 4.76 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.68%.
September 06, 2023 | 3:00 pm
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NEUTRAL IMPACT
Infosys's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish towards a stock. However, this is not a guarantee that the stock price will rise, as it is influenced by a multitude of factors. Infosys's short interest is also lower than most of its peers, which could be interpreted as a positive sign, but again, it does not guarantee a price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100