(ADBE) - Analyzing Adobe's Short Interest
Portfolio Pulse from Benzinga Insights
Adobe's (NYSE:ADBE) short percent of float has risen 5.32% since its last report, with 4.50 million shares sold short, which is 0.99% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. Adobe's peer group average for short interest as a percentage of float is 3.38%, which means the company has less short interest than most of its peers.
August 04, 2023 | 11:57 am
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Adobe's short percent of float has risen 5.32% since its last report, indicating a potential bearish sentiment towards the stock.
An increase in short interest can indicate that investors are becoming more bearish on a stock. This could potentially lead to downward pressure on Adobe's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100