(CDW) - Analyzing CDW's Short Interest
Portfolio Pulse from Benzinga Insights
CDW's short percent of float has fallen 5.19% since its last report, with 1.51 million shares sold short, which is 1.28% of all regular shares available for trading. It would take traders 3.49 days to cover their short positions on average. CDW's peer group average for short interest as a percentage of float is 3.22%, which means the company has less short interest than most of its peers.
September 26, 2023 | 6:15 pm
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CDW's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock price to rise. However, this is not a guarantee and other factors can influence the stock price. CDW's short interest is lower than its peers, which could be seen as a positive sign by investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100