Peering Into Dell Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dell Technologies' (NYSE:DELL) short percent of float has risen 49.62% since its last report, with 9.55 million shares sold short, which is 3.89% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Dell has less short interest as a percentage of float, with an average of 6.22%.
October 05, 2023 | 7:15 pm
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Dell Technologies' short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that Dell's stock price will fall. However, compared to its peers, Dell has less short interest, which could mean that it is less likely to experience a significant price drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100