(DELL) - Analyzing Dell Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Dell Technologies (NYSE:DELL) has seen a decrease in short interest, with the short percent of float dropping 6.39% since the last report. The current short interest is 11.74 million shares, 4.54% of the float, with a short covering time of 2.73 days. This decline in short interest may indicate a more bullish sentiment among investors. Dell's short interest is below its peer group average of 6.72%.
December 27, 2023 | 4:15 pm
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Dell Technologies has experienced a decrease in short interest, which could suggest a more bullish sentiment from investors and possibly lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in stock price as short sellers cover their positions. However, the article also cautions that this does not necessarily mean the stock will rise in the near term. The confidence level is not at 100 due to the caution advised in the article.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90