Looking Into Dayforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dayforce (NYSE:DAY) has seen a 3.26% increase in its short percent of float, now at 9.81%. This indicates a bearish sentiment among investors, as it would take 6.26 days to cover these short positions. Compared to its peers, Dayforce has a higher short interest percentage.
May 16, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Dayforce has experienced a 3.26% increase in short interest, now at 9.81% of its float. This suggests a bearish sentiment among investors, as it would take 6.26 days to cover these short positions. Compared to its peers, Dayforce has a higher short interest percentage.
The increase in short interest indicates that investors are becoming more bearish on Dayforce. This could lead to downward pressure on the stock price in the short term as more investors bet against the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100