How Is The Market Feeling About Sony Group?
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short percent of float has risen 9.09% since its last report, with 1.51 million shares sold short. This indicates that more traders are betting on the stock's price to fall. However, compared to its peers, Sony has less short interest as a percentage of float, which is 4.56% on average.
July 20, 2023 | 5:45 pm
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Increased short interest in Sony Group indicates a bearish sentiment among traders. However, its short interest is less than its peers' average, which could be a positive sign.
Short interest is the number of shares sold short but not yet covered. An increase in short interest can indicate a bearish market sentiment, meaning traders expect the stock's price to fall. However, Sony's short interest is less than its peers' average, which could suggest that it's performing better than similar companies in the market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100