Peering Into Arista Networks's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a 6.19% increase in its short percent of float, now at 1.2% of all regular shares available for trading. This indicates a rise in bearish sentiment, although the company's short interest is still lower than its peers' average of 9.72%.
June 17, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Arista Networks has experienced a 6.19% increase in short interest, now at 1.2% of its float. This rise in short interest suggests a growing bearish sentiment among investors, although it remains below the peer average of 9.72%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still relatively low compared to its peers, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100