(VOD) - Analyzing Vodafone Group's Short Interest
Portfolio Pulse from Benzinga Insights
Vodafone Group's (NYSE:VOD) short percent of float has risen 43.75% since its last report, with 6.23 million shares sold short, which is 0.23% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Vodafone has less short interest as a percentage of float, which is 2.62% on average.
August 07, 2023 | 3:30 pm
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Vodafone's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
An increase in short interest can indicate a bearish market sentiment, which could potentially lead to a decrease in the stock's price. However, Vodafone has less short interest compared to its peers, which could mean that the market is less bearish on Vodafone than on its peers. This could potentially have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100