(WDAY) - Analyzing Workday's Short Interest
Portfolio Pulse from Benzinga Insights
Workday's (NYSE:WDAY) short interest has fallen by 12.17%, with 4.87 million shares sold short, representing 2.31% of its float. This is lower than the peer group average of 3.38%. The decrease in short interest may indicate a more bullish sentiment among investors.
August 07, 2024 | 6:00 pm
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Workday's short interest has decreased by 12.17%, now at 2.31% of its float, which is lower than the peer group average of 3.38%. This could indicate a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Workday, which could be interpreted as a sign of increasing confidence in the stock. This is further supported by the fact that Workday's short interest is lower than the peer group average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100