(CDW) - Analyzing CDW's Short Interest
Portfolio Pulse from Benzinga Insights
CDW's short percent of float has risen 35.94% since its last report, with 2.04 million shares sold short, which is 1.74% of all regular shares available for trading. It would take traders 3.08 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. CDW's peer group average for short interest as a percentage of float is 3.36%, which means the company has less short interest than most of its peers.
October 12, 2023 | 3:15 pm
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CDW's short interest has increased, indicating a bearish sentiment among investors. However, compared to its peers, CDW has less short interest.
The increase in short interest indicates that more investors are betting against CDW, which could put downward pressure on the stock price in the short term. However, the fact that CDW has less short interest than its peers could indicate that it is viewed more favorably than similar companies.
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IMPORTANCE 75
RELEVANCE 100