Looking Into Workday's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Workday (NYSE:WDAY) has seen a decrease in short interest, with the short percent of float dropping 8.77% since the last report. The company has 3.22 million shares sold short, representing 1.56% of available shares. The average time to cover these short positions is 2.26 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Workday's short interest is below its peer group average of 3.34%.

December 06, 2023 | 8:15 pm
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Workday's short interest has decreased, which may suggest a more bullish sentiment among investors. The company's short interest is lower than the peer group average.
The decrease in short interest for Workday suggests that bearish sentiment is waning, which could lead to a short-term positive impact on the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise. The relevance is high as the article is directly about Workday's short interest, and the importance is moderate because short interest is a significant but not sole indicator of market sentiment. The confidence level is set at 75 due to the general correlation between short interest and investor sentiment but acknowledging the complexity of market dynamics.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80