Cisco Systems, a company listed on the NYSE under the ticker symbol CSCO, has seen an increase in its short float percentage by 4.55% since its last report. The company reported that there are 55.56 million shares sold short, which represents 1.38% of all regular shares available for trading. Traders looking to cover their short positions would need an average of 3.04 days to do so.
Short interest is the number of shares that have been sold short but not yet covered or closed. Short selling involves traders selling shares of a company they do not own in the hopes that the price will drop. It is important to monitor short interest as it can serve as an indicator of market sentiment towards a stock. An increase in short interest may signal a more bearish outlook from investors, while a decrease could suggest a more bullish sentiment.
Analyzing short interest can be valuable when assessing a company’s performance compared to its peers. Cisco Systems’ short interest percentage of float is lower than that of its peer group, which has an average of 9.25%.
Investors may be interested in learning how increasing short interest can actually be beneficial for a stock. Benzinga Money offers insights on how this can be a bullish sign for an action.
This content was generated by Benzinga’s automated system and underwent editorial review before publication.
Article Source
https://quantisnow.com/insight/looking-into-cisco-systems’s-recent-short-interest-5581080
