Peering Into Cognizant Tech Solns's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cognizant Tech Solns's (NYSE:CTSH) short percent of float has risen 11.87% since its last report, with 8.00 million shares sold short, which is 1.79% of all regular shares available for trading. It would take traders 2.74 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 2.30%.
October 19, 2023 | 4:00 pm
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Cognizant Tech Solns's short percent of float has risen 11.87% since its last report, indicating increased bearish sentiment. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that the price of Cognizant Tech Solns's stock will fall. However, the company has less short interest than most of its peers, which could mean that it is less likely to experience a significant price drop in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100