How Is The Market Feeling About Apple?
Portfolio Pulse from Benzinga Insights
Apple's short percent of float has risen 10.0% since its last report, with 121.25 million shares sold short, which is 0.77% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Apple has less short interest as a percentage of float, with an average of 6.41%.
June 28, 2023 | 1:00 pm
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Apple's short percent of float has risen 10.0% since its last report, indicating a bearish sentiment. However, compared to its peers, Apple has less short interest as a percentage of float, with an average of 6.41%.
The increase in short interest indicates a bearish sentiment towards Apple's stock. However, the fact that Apple has less short interest as a percentage of float compared to its peers could mean that the market is less bearish on Apple than on other similar companies. This could potentially limit the downside risk for Apple's stock in the short term.
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IMPORTANCE 70
RELEVANCE 100