Looking Into Oracle's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short percent of float has fallen 3.67% since its last report, with 16.36 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 1.23 days to cover their short positions on average. Oracle's peer group average for short interest as a percentage of float is 5.41%, indicating the company has less short interest than most of its peers.
July 20, 2023 | 7:15 pm
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Oracle's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
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. Oracle's short interest has decreased, which could indicate a more bullish sentiment towards the stock.
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