How Is The Market Feeling About Workday?
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short percent of float has fallen 10.31% since its last report, indicating a decrease in short interest. The company has 3.59 million shares sold short, which is 1.74% of all regular shares available for trading. Compared to its peers, Workday has less short interest as a percentage of float, with an average of 3.31%.
October 02, 2023 | 2:30 pm
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Decrease in short interest in Workday's shares indicates a more bullish sentiment among traders. This could potentially lead to an increase in the stock's price in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, which can be interpreted as a more bullish sentiment. This could potentially lead to an increase in the stock's price in the short term.
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