Peering Into Salesforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Salesforce's (NYSE:CRM) short percent of float has risen 12.62% since its last report, with 10.93 million shares sold short, which is 1.16% 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, Salesforce has less short interest as a percentage of float, which is 3.51% on average.
July 06, 2023 | 4:31 pm
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Salesforce's short percent of float has risen 12.62% since its last report, indicating a bearish sentiment. However, compared to its peers, Salesforce has less short interest.
The increase in short interest indicates that traders are expecting the price of Salesforce's stock to fall. However, the fact that Salesforce has less short interest compared to its peers could mean that the market is less bearish on Salesforce than on other similar companies.
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IMPORTANCE 75
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