How Is The Market Feeling About Autodesk?
Portfolio Pulse from Benzinga Insights
Autodesk's (NYSE:ADSK) short percent of float has fallen 8.26% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.36 million shares sold short, which is 1.11% of all regular shares available for trading. Compared to its peers, Autodesk has less short interest as a percentage of float, with an average of 3.31%.
September 22, 2023 | 1:45 pm
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POSITIVE IMPACT
Autodesk's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to a positive impact on the stock's price in the short term.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. This means that they expect the stock's price to rise. As Autodesk's short percent of float has fallen, this indicates a more bullish sentiment towards the stock, which could potentially lead to a positive impact on the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100