How Is The Market Feeling About Alphabet?
Portfolio Pulse from Benzinga Insights
Alphabet's (NASDAQ:GOOGL) short percent of float has fallen 4.26% since its last report, indicating a more bullish sentiment towards the stock. The company has 53.56 million shares sold short, which is 0.9% of all regular shares available for trading. Compared to its peers, Alphabet has less short interest, with the peer group average at 6.59%.
June 29, 2023 | 8:30 pm
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The decrease in Alphabet's short percent of float suggests a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is a measure of market sentiment towards a particular stock. A decrease in short interest indicates that fewer traders are betting on the stock's price to fall, suggesting a more bullish sentiment. This could potentially lead to an increase in the stock's price in the short term.
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