(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short interest has increased by 21.24% since the last report, with 4.90 million shares sold short, representing 2.34% of its float. It would take about 3.63 days to cover all short positions. This rise in short interest indicates a more bearish market sentiment towards WDAY, although it has less short interest compared to its peers' average of 3.87%. The increase in short interest can sometimes be bullish for a stock.
May 08, 2024 | 2:30 pm
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Workday's short interest has risen by 21.24%, indicating a bearish market sentiment. However, it's below its peers' average, suggesting relative strength.
The increase in short interest for Workday suggests that investors 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 some relative strength or resilience compared to its competitors, which might mitigate the negative impact to some extent.
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IMPORTANCE 75
RELEVANCE 100