(ADSK) - Analyzing Autodesk's Short Interest
Portfolio Pulse from Benzinga Insights
Autodesk's short interest has decreased by 26.45%, with 2.46 million shares sold short, representing 1.14% of its float. This is lower than its peers' average short interest of 3.28%. The decrease in short interest may indicate a more bullish sentiment towards Autodesk.
October 18, 2024 | 5:30 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 current short interest is lower than its peers, which may positively influence investor perception.
The decrease in short interest by 26.45% 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, which may further enhance its attractiveness to investors. This could lead to a short-term positive impact on its stock price.
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