(CSCO) - Analyzing Cisco Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems (NYSE:CSCO) has seen a 13.82% decrease in short interest since its last report, with 43.24 million shares sold short, representing 1.06% of available shares. The average time to cover these short positions is 1.6 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Cisco's short interest is below its peer group average of 7.91%.

December 20, 2023 | 6:30 pm
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Cisco Systems's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
The decrease in short interest for Cisco Systems indicates that fewer traders are betting against the stock, which could be taken as a positive sign by the market. This reduction in bearish bets might lead to a short-term increase in the stock price as sentiment improves. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
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