(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short interest has decreased by 3.93% since the last report, with 3.53 million shares sold short, representing 1.71% of available shares. The average time to cover these short positions is 2.8 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Workday has less short interest compared to its peer group average of 3.37%.
November 14, 2023 | 5:30 pm
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Workday's short interest has decreased, which may indicate a more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, this is not a definitive predictor of stock price movement, and other market factors should also be considered.
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