(DELL) - Analyzing Dell Technologies's Short Interest
Portfolio Pulse from Benzinga Insights
Dell Technologies's (NYSE:DELL) short interest has decreased by 10.5% since the last report, with 8.80 million shares sold short, representing 3.41% of its float. This decrease in short interest could indicate a more bullish sentiment towards DELL among traders. Compared to its peers, DELL has a lower short interest percentage of float, with the average for its peer group being 7.00%.
February 09, 2024 | 5:00 pm
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Dell Technologies's short interest has decreased, indicating a potentially more bullish sentiment among traders.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For DELL, this reduction could lead to a short-term positive impact on its stock price as it indicates a shift towards a more bullish sentiment among traders. Additionally, having a lower short interest compared to its peers further strengthens the case for potential upward movement in DELL's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90