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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100