(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short interest has decreased by 8.72% since the last report, with 2.83 million shares sold short, representing 1.36% of its float. This decrease in short interest could indicate a more bullish sentiment towards WDAY among traders. Compared to its peers, Workday has a lower short interest percentage of float (3.74%), suggesting it is performing well against similar companies.
March 08, 2024 | 5:30 pm
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Workday's short interest decrease suggests a bullish market sentiment, potentially leading to a positive short-term impact on its stock price.
The decrease in short interest for Workday indicates that fewer traders are betting against the stock, which can be interpreted as a positive sentiment towards the company. Given that Workday's short interest is also lower than its peer group average, this suggests that the company is viewed more favorably compared to similar companies, potentially leading to a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90