How Is The Market Feeling About Workday?
Portfolio Pulse from Benzinga Insights
Workday (NYSE:WDAY) has seen a decrease in short interest, now at 2.83 million shares or 1.36% of float, down 8.72% since the last report. This indicates a more bullish sentiment among investors. Compared to its peers, Workday has a lower short interest percentage of 1.36% versus the peer group average of 4.07%. Short interest is a key indicator of market sentiment, and a decrease suggests investors are less bearish on the stock.
March 28, 2024 | 6:00 pm
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Workday's decrease in short interest to 2.83 million shares, representing 1.36% of its float, suggests a more bullish sentiment among investors compared to its last report.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Workday, this reduction in short interest could suggest that market sentiment is improving, potentially leading to a short-term positive impact on its stock price. Additionally, having a lower short interest compared to its peers further strengthens the case for potential upward movement in the short term.
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