How Is The Market Feeling About IBM?
Portfolio Pulse from Benzinga Insights
IBM's short percent of float has risen 5.88% since its last report, with 27.89 million shares sold short, representing 3.06% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards IBM. However, it's also noted that increasing short interest can sometimes be bullish for a stock.
September 08, 2023 | 4:15 pm
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IBM's short percent of float has increased, indicating a potential bearish sentiment. However, the impact of this on the stock's price is uncertain as increasing short interest can sometimes be bullish.
The increase in IBM's short percent of float could indicate a bearish sentiment towards the stock. However, it's also noted that an increase in short interest can sometimes be bullish for a stock, creating a potential 'short squeeze' where short sellers are forced to buy back the stock to cover their positions, driving the price up. Therefore, the impact on the stock's price is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100