Peering Into CDW's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CDW Corporation (NYSE:CDW) has seen a decrease in short interest, with the current level at 2.02 million shares or 1.72% of float, down 8.99% from the last report. It would take about 3.33 days to cover all short positions. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price. CDW's short interest is below its peer group average of 3.85%.
November 22, 2023 | 6:00 pm
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CDW's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this is not a definitive predictor of stock price movement.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. However, the impact on the stock price is not guaranteed and can be influenced by various other market factors.
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