The percentage of outstanding shares shorted by IBM has increased by 4.21% since its last report, with 20.46 million shares sold short representing 2.23% of all common shares available for trading. Traders would take an average of 6.75 days to cover their short positions based on trading volume. Short interest is important as it indicates market sentiment towards a stock, with an increase suggesting pessimism and a decrease suggesting optimism. Comparing IBM’s short interest to its peers, it has lower short interest than most of them at 5.17%. Increasing short-term interest can actually be bullish for an action. This information was generated by Benzinga’s automated content engine and was reviewed by an editor. Market news and data provided by Benzinga APIs.
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https://www.benzinga.com/insights/short-sellers/24/07/39651744/how-is-the-market-feeling-about-ibm
