Peering Into DocuSign's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DocuSign (NYSE:DOCU) has seen a 21.14% decrease in short interest since its last report, with 5.37 million shares sold short, representing 3.17% of its float. The average time to cover these short positions is 1.18 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. DocuSign's short interest is below its peer group average of 6.21%.
January 30, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DocuSign'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 short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100