(INFY) - Analyzing Infosys's Short Interest
Portfolio Pulse from Benzinga Insights
Infosys's (NYSE:INFY) short percent of float has fallen 29.36% since its last report, with 31.81 million shares sold short, which is 0.77% of all regular shares available for trading. It would take traders 4.99 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 2.32%.
October 11, 2023 | 7:30 pm
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Infosys's short percent of float has decreased, indicating a potentially bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. In this case, Infosys's short percent of float has fallen 29.36%, which could indicate a more positive sentiment towards the stock in the short term.
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IMPORTANCE 75
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