Peering Into Gartner's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Gartner's (NYSE:IT) short interest has decreased by 12.87%, now standing at 987 thousand shares, or 1.49% of its float. This decline in short interest, which now takes traders approximately 1.74 days to cover, could indicate a more bullish sentiment towards the stock compared to its peers, where the average short interest as a percentage of float is 4.32%.
March 06, 2024 | 3:15 pm
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Gartner's short interest has significantly decreased, indicating a potential increase in bullish sentiment towards the stock.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects. Given that Gartner's short interest has fallen more than the peer average, this could be interpreted as a positive signal by the market, potentially leading to a short-term increase in the stock price.
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