Peering Into Gartner's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Gartner's (NYSE:IT) short interest has decreased by 25.62% since the last report, with 1.40 million shares sold short, representing 2.09% of available shares. The average time to cover these short positions is 2.44 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Gartner has less short interest compared to its peer group average of 2.18%.
January 05, 2024 | 8:00 pm
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Gartner's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a short-term increase in its price as the market sentiment improves. However, short interest is just one of many factors that can affect stock prices, so while the decrease is a positive sign, it does not guarantee a price rise.
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