(INTU) - Analyzing Intuit's Short Interest
Portfolio Pulse from Benzinga Insights
Intuit's (NASDAQ:INTU) short percent of float has fallen 4.62% since its last report, with 3.37 million shares sold short, which is 1.24% of all regular shares available for trading. It would take traders 1.9 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.51%.
June 29, 2023 | 8:30 pm
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Intuit's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee that the stock price will rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100