Peering Into Autodesk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Autodesk's (NYSE:ADSK) short percent of float has fallen 14.18% since its last report, with 2.58 million shares sold short, which is 1.21% of all regular shares available for trading. It would take traders 2.07 days to cover their short positions on average. Autodesk's peer group average for short interest as a percentage of float is 3.46%, indicating the company has less short interest than most of its peers.
September 06, 2023 | 5:45 pm
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Autodesk's short interest has decreased, indicating a potentially bullish sentiment among traders.
A decrease in short interest often indicates that traders are less bearish on the stock, which could lead to an increase in the stock's price in the short term.
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IMPORTANCE 75
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