How Is The Market Feeling About Autodesk?
Portfolio Pulse from Benzinga Insights
Autodesk's (NYSE:ADSK) short percent of float has risen 10.81% since its last report, with 2.63 million shares sold short, which is 1.23% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Autodesk. However, compared to its peers, Autodesk has less short interest as a percentage of float, with an average of 3.33%.
October 25, 2023 | 1:15 pm
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Autodesk's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in Autodesk's short percent of float indicates that more investors are betting against the company, which could put downward pressure on the stock price in the short term. However, the fact that Autodesk has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price due to short selling.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100