(CSCO) - Analyzing Cisco Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems's (NYSE:CSCO) short percent of float has risen 4.05% since its last report, with 62.33 million shares sold short, which is 1.54% of all regular shares available for trading. It would take traders 3.67 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cisco Systems's peer group average for short interest as a percentage of float is 6.47%, which means the company has less short interest than most of its peers.

October 16, 2023 | 4:00 pm
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Cisco Systems's short percent of float has risen 4.05%, indicating a potential bearish sentiment. However, compared to its peers, the company has less short interest.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Cisco Systems has less short interest than most of its peers, which could mean that the market sentiment towards the company is not as bearish as it seems. Therefore, the impact on the stock price in the short term is uncertain.
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IMPORTANCE 75
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