How Is The Market Feeling About Arista Networks?
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a 22.12% decrease in its short percent of float, now at 0.81%. This suggests a more bullish sentiment compared to its peers, which have an average short interest of 8.12%.
August 22, 2024 | 3:00 pm
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Arista Networks has experienced a significant decrease in short interest, indicating a more bullish market sentiment. Its short interest is lower than the peer average, suggesting relative strength.
The decrease in short interest by 22.12% suggests that investors are less bearish on Arista Networks. With a short interest of 0.81%, which is significantly lower than the peer average of 8.12%, this indicates a more positive outlook for the stock. Such a decrease in short interest can lead to upward pressure on the stock price as fewer investors are betting against it.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100