Peering Into IBM's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IBM's short percent of float has risen 4.62% since its last report, with 28.89 million shares sold short, which is 3.17% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.
September 28, 2023 | 1:45 pm
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IBM's short interest has increased, indicating a bearish sentiment among traders. However, this could potentially be bullish for the stock.
An increase in short interest indicates that more traders are betting on the stock's price to fall, which is generally a bearish signal. However, it's important to note that an increase in short interest can sometimes be bullish for a stock, as it could lead to a short squeeze if the stock's price starts to rise.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100