(INFY) - Analyzing Infosys's Short Interest
Portfolio Pulse from Benzinga Insights
Infosys (NYSE:INFY) has seen a decrease in short interest, with the short percent of float falling 5.83% since the last report. The company has 40.15 million shares sold short, representing 0.97% of available shares, with a cover time of 6.58 days. This decline in short interest may indicate a more bullish sentiment among investors compared to its peers, which have an average short interest of 2.36% of float.
November 15, 2023 | 8:00 pm
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Infosys's short interest has decreased, suggesting a potentially bullish sentiment among investors. With a lower short interest compared to its peers, INFys may experience less downward pressure from short sellers.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure on the stock price. Since Infosys has a lower short interest than its peers, this could be interpreted as a sign of strength and potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100