Peering Into Autodesk's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Autodesk's (NYSE:ADSK) short percent of float has risen 10.81% since its last report, with 2.63 million shares sold short, which is 1.23% of all regular shares available for trading. It would take traders 2.05 days to cover their short positions on average. Autodesk's peer group average for short interest as a percentage of float is 3.33%, which means the company has less short interest than most of its peers.
October 09, 2023 | 8:30 pm
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Autodesk's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that traders are expecting the price of the stock to fall. However, Autodesk's short interest is less than its peers, which could mean that the bearish sentiment is not as strong for Autodesk as it is for other companies in its peer group.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100