How Is The Market Feeling About Cisco Systems?
Portfolio Pulse from Benzinga Insights
Cisco Systems (NYSE:CSCO) has seen a 4.81% increase in short interest, now at 44.28 million shares or 1.09% of float, taking traders 1.97 days to cover. This rise indicates a more bearish market sentiment towards CSCO, though it has less short interest compared to its peers' average of 8.77%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on a decline.
April 11, 2024 | 3:30 pm
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Cisco Systems has experienced a 4.81% increase in short interest, indicating a bearish market sentiment. However, its short interest is below the peer average, suggesting a relatively stronger position.
The increase in short interest for Cisco Systems suggests that traders are more bearish on the stock, potentially leading to short-term price pressure. However, being below the peer average in short interest could mitigate some negative impact, indicating a mixed outlook.
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