How Is The Market Feeling About Gartner?
Portfolio Pulse from Benzinga Insights
Gartner's (NYSE:IT) short interest has increased by 7.43% since the last report, with 1.06 million shares sold short, representing 1.59% of available shares. This indicates a bearish market sentiment towards Gartner, although it has less short interest compared to its peers' average of 2.82%. The rise in short interest does not necessarily predict a near-term price fall but suggests increased bearishness among traders.
April 01, 2024 | 5:30 pm
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Gartner's short interest has risen, indicating a bearish market sentiment. However, it remains below its peer group average, suggesting a relatively stronger position.
The increase in short interest for Gartner suggests that traders 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 indicates a relatively stronger position, which might mitigate some negative impacts.
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