Looking Into Diageo's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Diageo's (NYSE:DEO) short percent of float has fallen 15.38% since its last report, with 1.22 million shares sold short, which is 0.22% of all regular shares available for trading. This decrease in short interest could indicate 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 4.29%.
August 14, 2023 | 7:00 pm
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Decrease in short interest in Diageo could indicate a more bullish sentiment towards the stock. The company's short interest is lower than its peers' average, which could be a positive sign.
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. Diageo's short interest has decreased and is lower than its peers' average, which could indicate a more positive market sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100