Looking Into Nasdaq's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Nasdaq's (NYSE:NDAQ) short interest has decreased by 29.93% since the last report, with 4.10 million shares sold short, representing 0.96% of available shares. The average time to cover these short positions is 1.48 days. This decline in short interest may indicate a more bullish sentiment towards NDAQ, although it doesn't necessarily predict a near-term price rise. Nasdaq's short interest is below its peer group average of 2.79%.
November 14, 2023 | 3:30 pm
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Nasdaq's short interest has significantly decreased, which could be interpreted as a bullish sign by investors. The company's short interest is lower than the peer group average, potentially indicating positive market sentiment.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a short-term increase in its price. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and investor sentiment.
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