How Is The Market Feeling About Workday?
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short percent of float has fallen 17.89% since its last report, indicating a decrease in bearish sentiment. The company has 3.66 million shares sold short, which is 1.79% of all regular shares available for trading. Compared to its peers, Workday has less short interest as a percentage of float, which is 3.44% on average.
September 08, 2023 | 4:45 pm
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The decrease in short interest for Workday indicates a less bearish sentiment towards the stock, which could potentially lead to a positive impact on its price in the short term.
Short interest is an indicator of market sentiment towards a stock. A decrease in short interest suggests that traders are less bearish, meaning they expect the stock price to rise. As such, this could potentially lead to an increase in Workday's stock price in the short term.
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