Looking Into Dayforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dayforce (NYSE:DAY) has seen a 9.61% increase in short interest, now at 9.69 million shares or 9.47% of float, indicating a bearish market sentiment. With a 7.43 days to cover, it exceeds its peer average of 4.99% in short interest, suggesting higher bearish sentiment compared to its peers.
April 15, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Dayforce's increased short interest to 9.69 million shares, representing 9.47% of its float, suggests a bearish outlook from the market, potentially impacting its stock price negatively in the short term.
The significant rise in short interest for Dayforce indicates a growing bearish sentiment among investors, which could lead to increased selling pressure and potentially lower stock prices in the short term. The comparison with peers showing a higher than average short interest further emphasizes the negative market sentiment towards Dayforce.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100