(ADSK) - Analyzing Autodesk's Short Interest
Portfolio Pulse from Benzinga Insights
Autodesk's short interest has decreased by 22.97%, with 2.45 million shares sold short, representing 1.14% of its float. This is lower than its peers' average short interest of 3.12%. The decrease in short interest may indicate a more bullish sentiment towards Autodesk.
September 09, 2024 | 4:45 pm
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Autodesk's short interest has decreased significantly, suggesting a potential shift in market sentiment towards a more bullish outlook. The company's short interest is lower than its peers, which may indicate relative strength.
The decrease in short interest by 22.97% suggests that fewer investors are betting against Autodesk, which can be interpreted as a positive sign. Additionally, Autodesk's short interest is lower than the average of its peers, indicating a relatively stronger position in the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100