(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short percent of float has fallen 10.31% since its last report, with 3.59 million shares sold short, which is 1.74% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Workday has less short interest as a percentage of float, with an average of 3.31%.
October 18, 2023 | 3:00 pm
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Workday's decrease in short interest could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment towards a stock, which could potentially lead to an increase in its price. As such, the decrease in Workday's short interest could have a positive impact on its price in the short term.
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