How Is The Market Feeling About Accenture?
Portfolio Pulse from Benzinga Insights
Accenture's (NYSE:ACN) short percent of float has risen 10.0% since its last report, with 7.66 million shares sold short, which is 1.21% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Accenture's peer group average for short interest as a percentage of float is 4.55%, which means the company has less short interest than most of its peers.
August 08, 2023 | 6:00 pm
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Accenture's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Accenture has less short interest.
An increase in short interest can indicate a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, Accenture's lower short interest compared to its peers could mitigate this impact.
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