Peering Into Cisco Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems (NYSE:CSCO) has seen a 4.05% increase in short percent of float since its last report, with 62.33 million shares sold short, representing 1.54% of all regular shares available for trading. It would take traders an average of 3.67 days to cover their short positions based on current trading volume. The company's short interest is lower than its peer group average of 7.31%.
September 27, 2023 | 5:00 pm
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Cisco Systems has seen an increase in short interest, indicating a bearish sentiment among traders. However, its short interest is still lower than its peer group average.
The increase in short interest indicates that traders are expecting the price of Cisco Systems' stock to fall. However, the fact that its short interest is lower than its peer group average suggests that the bearish sentiment is not as strong as it is for other similar companies.
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