How Is The Market Feeling About Dell Technologies?
Portfolio Pulse from Benzinga Insights
Dell Technologies (NYSE:DELL) has seen a 19.57% increase in short interest since the last report, with 9.46 million shares sold short, representing 3.85% of available shares. It would take 2.25 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Dell's short interest is below its peer group average of 6.58%.
November 14, 2023 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Dell Technologies has experienced an increase in short interest, which may suggest bearish market sentiment but is still below the peer average. This could lead to increased volatility in the short term.
The increase in short interest for Dell Technologies indicates that some investors are expecting the price to fall, which could lead to short-term price pressure. However, since the short interest is below the peer group average, it may not be a strong bearish signal. The impact on the stock price is uncertain, hence a neutral score is given.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100