(ANET) - Analyzing Arista Networks's Short Interest
Portfolio Pulse from Benzinga Insights
Arista Networks's (NYSE:ANET) short percent of float has risen 15.45% since its last report, with 3.56 million shares sold short, which is 1.42% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Arista Networks has less short interest as a percentage of float, with an average of 6.81%.
September 21, 2023 | 6:15 pm
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Arista Networks has seen a 15.45% increase in short interest, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of Arista Networks' stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that Arista Networks has less short interest compared to its peers could mean that it is less likely to experience a significant price drop compared to other companies in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100