Peering Into Cognizant Tech Solns's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cognizant Tech Solns's (NYSE:CTSH) short percent of float has risen 11.87% since its last report, with 8.00 million shares sold short, which is 1.79% of all regular shares available for trading. It would take traders 2.74 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 2.28%.
October 03, 2023 | 2:00 pm
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NEUTRAL IMPACT
Cognizant Tech Solns's short percent of float has risen 11.87% since its last report. The company has less short interest than most of its peers.
The rise in short interest indicates that more investors are betting against the company, which could put downward pressure on the stock. However, the company has less short interest than most of its peers, which could indicate less bearish sentiment compared to its peers.
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