(ANET) - Analyzing Arista Networks's Short Interest
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a decrease in short interest, now at 1.13% of its float, down 10.32% from the last report. With 2.87 million shares sold short, it would take about 1.0 day to cover all short positions. This change in short interest could indicate a shift in market sentiment towards ANET, potentially signaling increased bullishness among investors. Compared to its peers, ANET has a significantly lower short interest percentage, with the average for its peer group at 8.84%.
April 23, 2024 | 2:15 pm
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Arista Networks's short interest has decreased, indicating a potential increase in bullish sentiment among investors.
The decrease in short interest for Arista Networks suggests that fewer investors are betting on the stock's decline, which could lead to a positive shift in market sentiment and potentially increase the stock price in the short term. Additionally, having a lower short interest compared to its peers highlights ANET's stronger position in the market, possibly attracting more bullish investors.
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