Looking Into VMware's Recent Short Interest
Portfolio Pulse from Benzinga Insights
VMware's (NYSE:VMW) short interest has increased by 137.8% since the last report, with 10.22 million shares sold short, representing 3.9% of available shares. It would take 2.44 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, VMware has less short interest compared to its peer group average of 4.92%. The rise in short interest doesn't necessarily predict a stock price fall, but it's a factor traders monitor.
November 14, 2023 | 8:45 pm
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NEUTRAL IMPACT
VMware's short interest has significantly increased, which may suggest bearish market sentiment. However, its short interest is still below the peer group average, indicating a less negative outlook compared to its peers.
The increase in short interest for VMware suggests that some investors are expecting the price to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer average, this may not be as significant a bearish indicator as it could be. The impact is scored as neutral (0) because the article suggests that the increase in short interest does not necessarily mean the stock will fall, and the short interest is still below the peer group average.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100