Peering Into Gartner's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Gartner's (NYSE:IT) short percent of float has risen 6.79% since its last report, with 1.16 million shares sold short, which is 1.73% of all regular shares available for trading. It would take traders 2.22 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Gartner's peer group average for short interest as a percentage of float is 2.24%, which means the company has less short interest than most of its peers.
September 08, 2023 | 4:15 pm
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Gartner's short percent of float has risen, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The rise in Gartner's short percent of float indicates that investors are expecting the stock price to fall. However, the fact that it has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
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