(CTSH) - Analyzing Cognizant Tech Solns's Short Interest
Portfolio Pulse from Benzinga Insights
Cognizant Tech Solns's (NYSE:CTSH) short interest has decreased by 23.86% since the last report, with 8.83 million shares sold short, representing 2.01% of its float. The current short interest is below the peer group average of 4.58%. This decline in short interest could indicate a more bullish sentiment towards CTSH among investors.
March 18, 2024 | 5:00 pm
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Cognizant Tech Solns's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For CTSH, this reduction could lead to a positive short-term price movement, especially since it's now below the peer group average.
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