Peering Into CDW's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CDW Corporation (NYSE:CDW) has seen a 14.2% decrease in short interest since the last report, with 1.71 million shares sold short, representing 1.45% of available shares. The average time to cover these short positions is 2.01 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. CDW's short interest is below its peer group average of 3.75%.
December 22, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
CDW's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to less selling pressure on the stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of a short squeeze and potentially lead to a price increase. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price rise.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80