Looking Into Infosys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Infosys's (NYSE:INFY) short percent of float has risen 14.74% since its last report, with 45.33 million shares sold short, which is 1.09% of all regular shares available for trading. It would take traders 7.63 days to cover their short positions on average. The company has less short interest than most of its peers, with the average for its peer group being 2.26%.
September 25, 2023 | 3:45 pm
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Infosys's short percent of float has risen 14.74%, indicating increased bearish sentiment. However, it has less short interest than most of its peers.
The rise in short percent of float indicates that more traders are betting on the stock's price to fall, which could put downward pressure on the stock in the short term. However, the fact that Infosys has less short interest than most of its peers could mitigate this effect.
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