How Is The Market Feeling About CDW?
Portfolio Pulse from Benzinga Insights
CDW's (NYSE:CDW) short interest has decreased by 27.24% since the last report, with 2.11 million shares sold short, representing 1.79% of its float. This decline in short interest could indicate a more bullish sentiment towards CDW among traders. Compared to its peers, CDW has a lower short interest percentage of float, with the average for its peer group being 3.82%.
February 05, 2024 | 2:00 pm
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The decrease in short interest for CDW suggests a potential bullish sentiment shift among investors, which could lead to a short-term positive impact on its stock price.
A decrease in short interest typically indicates that fewer investors are betting on the stock price to fall, which can be interpreted as a positive sentiment shift. Given that CDW's short interest is also lower than its peer average, this suggests a relatively stronger bullish sentiment towards CDW, potentially leading to a short-term increase in its stock price.
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IMPORTANCE 75
RELEVANCE 90