How Is The Market Feeling About Arista Networks?
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen a 9.38% increase in its short percent of float, now at 1.05% of available shares. This is lower than its peers' average of 7.42%. While more shares are being shorted, this doesn't necessarily predict a price drop.
October 08, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Arista Networks has experienced a 9.38% increase in short interest, now at 1.05% of its float, which is below the peer average of 7.42%. This indicates a relatively lower bearish sentiment compared to its peers.
The increase in short interest suggests a rise in bearish sentiment, but since Arista's short interest is still below the peer average, it indicates a relatively lower bearish outlook. This mixed signal results in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100