How Is The Market Feeling About Sysco?
Portfolio Pulse from Benzinga Insights
Sysco's (NYSE:SYY) short percent of float has fallen 13.92% since its last report, with 8.43 million shares sold short, which is 1.67% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Sysco's peer group average for short interest as a percentage of float is 4.89%, indicating that the company has less short interest than most of its peers.
July 14, 2023 | 3:45 pm
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Sysco's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company's short interest is also lower than most of its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Sysco's short interest is lower than most of its peers, could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100