(INFY) - Analyzing Infosys's Short Interest
Portfolio Pulse from Benzinga Insights
Infosys (NYSE:INFY) has seen a 14.43% decrease in short interest since its last report, with 34.44 million shares sold short, representing 0.83% of available shares. The average time to cover these short positions is 5.57 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Infosys has a lower short interest compared to its peer group average of 2.33%.
December 01, 2023 | 7:45 pm
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Infosys's short interest has decreased, which may indicate a more bullish sentiment towards the stock in the short term.
The decrease in short interest suggests that fewer traders are betting against Infosys, which could be taken as a positive sign by the market. However, short interest is just one indicator and does not guarantee a rise in stock price. The comparison with peers also shows Infosys has less short interest, potentially making it less vulnerable to a short squeeze.
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