Looking Into Salesforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Salesforce's (NYSE:CRM) short percent of float has fallen 22.33% since its last report, with 7.49 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Salesforce. Compared to its peers, Salesforce has less short interest as a percentage of float, with an average of 3.19%.
August 14, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Salesforce's short interest has decreased, potentially indicating a more bullish market sentiment.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in Salesforce's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100