Peering Into Accenture's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Accenture's (NYSE:ACN) short percent of float has fallen 7.69% since its last report, with 7.54 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Accenture has less short interest as a percentage of float, with an average of 2.63%.
July 04, 2023 | 1:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The decrease in short interest for Accenture could indicate 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 the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Compared to its peers, Accenture has less short interest, which could further indicate a more positive sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100