(CDW) - Analyzing CDW's Short Interest
Portfolio Pulse from Benzinga Insights
CDW's short percent of float has risen 9.88% since its last report, with 2.22 million shares sold short, which is 1.89% of all regular shares available for trading. It would take traders 3.04 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. CDW's peer group average for short interest as a percentage of float is 3.36%, which means the company has less short interest than most of its peers.
November 02, 2023 | 2:30 pm
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CDW's short percent of float has risen 9.88% since its last report. This increase in short interest can signal that investors have become more bearish on the stock. However, CDW has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that CDW's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that CDW has less short interest than most of its peers could mitigate this effect to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100