Looking Into Diageo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Diageo's (NYSE:DEO) short percent of float has fallen 14.71% since its last report, with 1.62 million shares sold short, which is 0.29% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Diageo. Compared to its peers, Diageo has less short interest as a percentage of float, with an average of 3.48%.
July 25, 2023 | 3:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Diageo. However, it does not necessarily mean the stock will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, it does not necessarily mean the stock will rise in the near term. It's also worth noting that Diageo's short interest is less than most of its peers.
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