(GWRE) - Analyzing Guidewire Software's Short Interest
Portfolio Pulse from Benzinga Insights
Guidewire Software (NYSE:GWRE) has seen a 4.69% increase in short interest since its last report, with 2.74 million shares sold short, representing 3.35% of its float. It would take about 4.46 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, GWRE has a lower short interest percentage of float, with the peer group average at 6.45%.
December 06, 2023 | 2:15 pm
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Guidewire Software's short interest has increased, which may suggest bearish sentiment among investors. However, its short interest is below the peer group average, indicating less bearish sentiment relative to its peers.
The rise in short interest for GWRE indicates that some investors are expecting the stock price to decline. However, since the short interest is lower than the peer average, it suggests that the bearish sentiment is not as strong as it could be for similar companies. The impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100