How Is The Market Feeling About Accenture?
Portfolio Pulse from Benzinga Insights
Accenture's (NYSE:ACN) short percent of float has fallen 8.33% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 6.96 million shares sold short, which is 1.1% of all regular shares available for trading. Compared to its peers, Accenture has less short interest as a percentage of float, with an average of 2.29%.
July 20, 2023 | 3:15 pm
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Decrease in short interest indicates less bearish sentiment towards Accenture. The company's short interest is also lower than its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates that traders are less bearish on the stock, which could potentially lead to an increase in the stock price. Accenture's short interest is also lower than its peers, which could make it more attractive to investors.
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