Looking Into Cisco Systems's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cisco Systems (NYSE:CSCO) has seen a 15.5% increase in short interest, with 60.19 million shares sold short, representing 1.49% of its float. This is lower than the peer group average of 7.42%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 16, 2024 | 4:30 pm
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Cisco Systems has experienced a 15.5% increase in short interest, now at 1.49% of its float. This suggests a bearish sentiment but is still below the peer average of 7.42%.
The increase in short interest suggests that some investors are bearish on Cisco, but the short interest is still below the peer average, which may mitigate the negative impact. The short interest level alone does not guarantee a price drop.
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