Peering Into Guidewire Software's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Guidewire Software (NYSE:GWRE) has seen a 7.28% increase in its short percent of float since the last report, with 2.77 million shares sold short, representing 3.39% of available shares. It would take about 6.13 days for traders to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards GWRE, although it has less short interest compared to its peer group average of 4.82%. This information suggests investors are showing increased bearishness but GWRE is still performing better in this aspect than most of its peers.

March 14, 2024 | 7:30 pm
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Guidewire Software has experienced a 7.28% increase in short interest, indicating a bearish sentiment among investors. However, its short interest is below the peer group average, suggesting relative resilience.
The increase in short interest for GWRE suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest might mitigate some negative impacts, indicating a mixed outlook.
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IMPORTANCE 70
RELEVANCE 90