Looking Into Dayforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Dayforce (NYSE:DAY) has seen a 21.69% increase in short interest, with 13.45 million shares sold short, representing 12.85% of its float. This is significantly higher than its peers' average short interest of 5.26%. It would take traders 7.19 days to cover their short positions.
June 26, 2024 | 8:30 pm
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Dayforce has experienced a significant increase in short interest, now at 12.85% of its float, which is higher than its peers' average of 5.26%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The significant increase in short interest suggests bearish sentiment among traders. However, the high short interest also presents a potential for a short squeeze if the stock price rises, forcing short sellers to cover their positions.
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