Looking Into CACI International's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CACI International's short interest has fallen by 7.81%, with 233 thousand shares sold short, representing 1.18% of its float. This is lower than the peer group average of 3.17%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
June 05, 2024 | 7:15 pm
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CACI International's short interest has decreased by 7.81%, now at 1.18% of its float, which is lower than the peer group average of 3.17%. This reduction in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a sign of increased confidence in the company's performance. This is further supported by the fact that CACI's short interest is significantly lower than its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100