Looking Into CDW's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CDW Corporation (NYSE:CDW) has experienced a 39.31% increase in short interest since its last report, with 2.38 million shares sold short, representing 2.02% of its float. The average time to cover these short positions is 1.46 days. While an increase in short interest can indicate bearish sentiment, CDW's short interest is below its peer group average of 4.06%. This information suggests investor caution but does not necessarily predict a price drop.
January 09, 2024 | 7:15 pm
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CDW's short interest has increased, which may indicate bearish sentiment among investors. However, the level is still below the peer group average, suggesting that the sentiment is not as negative as it could be.
The increase in short interest for CDW suggests that some investors are expecting the stock price to decline. However, since the short interest is below the peer average, it does not strongly indicate a widespread negative outlook. The short-term impact is likely to be neutral as the market absorbs this information and considers it against other factors influencing CDW's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100