(ORCL) - Analyzing Oracle's Short Interest
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short percent of float has fallen 15.24% since its last report, with 13.94 million shares sold short, which is 0.89% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Oracle. Compared to its peers, Oracle has less short interest as a percentage of float, with an average of 5.40%.
August 08, 2023 | 4:15 pm
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Oracle's decrease in short interest could indicate a more bullish market sentiment, potentially impacting the stock positively in the short 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, which could lead to an increase in its price. Oracle's short interest has decreased, which could indicate a more bullish sentiment towards the stock, potentially leading to a price increase in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100