(IBM) - Analyzing IBM's Short Interest
Portfolio Pulse from Benzinga Insights
IBM's short interest has decreased by 8.53% since the last report, with 21.61 million shares sold short, representing 2.36% of its float. This decrease in short interest could indicate a more bullish sentiment towards IBM among traders. Compared to its peers, IBM has a lower short interest percentage of float, with the average for its peer group being 4.62%. The reduction in short interest does not guarantee a price increase but suggests fewer shares are being shorted.
March 05, 2024 | 4:00 pm
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IBM's short interest has decreased, indicating a potentially more bullish sentiment among traders. This could influence IBM's stock price positively in the short term.
A decrease in short interest often signals a more bullish sentiment towards a stock, as it implies that fewer traders are betting on its price to fall. For IBM, this reduction in short interest compared to its peers suggests a relatively positive market sentiment, which could lead to a short-term increase in its stock price.
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