Peering Into IBM's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IBM's short percent of float has risen 4.62% since its last report, with 28.89 million shares sold short, which is 3.17% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. IBM's peer group average for short interest as a percentage of float is 2.22%, which means the company has more short interest than most of its peers.
October 16, 2023 | 1:15 pm
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IBM's short interest has increased, indicating a bearish market sentiment. However, this is higher than its peers, which could potentially be bullish.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, the fact that IBM's short interest is higher than its peers could potentially be bullish, as it could lead to a short squeeze if the price increases.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100