Looking Into Dell Technologies's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dell Technologies' (NYSE:DELL) short percent of float has risen 49.62% since its last report, with 9.55 million shares sold short, which is 3.89% of all regular shares available for trading. It would take traders 1.08 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.22%.
October 23, 2023 | 4:15 pm
News sentiment analysis
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Dell Technologies' short interest has increased significantly, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The increase in short interest indicates that traders are expecting the price of Dell's stock to fall. This bearish sentiment could put downward pressure on the stock price in the short term. However, the fact that Dell's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100