(ANET) - Analyzing Arista Networks's Short Interest
Portfolio Pulse from Benzinga Insights
Arista Networks's (NYSE:ANET) short percent of float has fallen 3.52% since its last report, with 3.45 million shares sold short, which is 1.37% 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, Arista Networks has less short interest as a percentage of float, with an average of 6.48% for its peer group.
October 26, 2023 | 2:30 pm
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A decrease in short interest could indicate a more bullish sentiment towards Arista Networks. This, combined with the fact that it has less short interest than its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment, which could potentially lead to an increase in the stock's price. Additionally, having less short interest than its peers could make Arista Networks more attractive to investors.
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