Looking Into CrowdStrike Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CrowdStrike Holdings (NYSE:CRWD) has seen a decrease in short interest by 16.38% since the last report, with 5.39 million shares sold short, representing 2.45% of available shares. The average time to cover these short positions is 2.22 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, CRWD has a lower short interest as a percentage of float, with the peer group average at 4.98%.
November 21, 2023 | 1:15 pm
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CrowdStrike Holdings's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a short-term positive impact on the stock price.
The reduction in short interest for CRWD suggests that bearish sentiment is waning, which could lead to a positive reaction in the stock price as investors may interpret this as a sign of improving fundamentals or market perception. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100