(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short interest has decreased by 19.23% since the last report, with 2.63 million shares sold short, representing 1.26% of available shares. The average time to cover these short positions is 1.07 days. This decline in short interest may indicate a more bullish sentiment towards WDAY compared to its peers, which have an average short interest of 3.34% of float.
December 22, 2023 | 7:00 pm
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Workday's short interest has decreased, which could be a sign of increasing bullish sentiment among investors, potentially leading to a positive short-term impact on the stock price.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to an increase in its price as the market sentiment improves. Since Workday's short interest is lower than its peers, this might attract positive attention from investors comparing the company to its industry counterparts.
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