How Is The Market Feeling About DocuSign?
Portfolio Pulse from Benzinga Insights
DocuSign's short interest has decreased by 3.39%, with 8.27 million shares sold short, representing 4.56% of its float. This is lower than its peers' average of 5.36%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 27, 2024 | 7:45 pm
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POSITIVE IMPACT
DocuSign's short interest has decreased by 3.39%, with 8.27 million shares sold short, representing 4.56% of its float. This is lower than its peers' average of 5.36%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against DocuSign, which can be interpreted as a positive signal for the stock. Additionally, DocuSign's short interest is lower than its peers, which may further support a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100