Looking Into SAP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SAP's (NYSE:SAP) short percent of float has fallen 39.13% since its last report, with 1.67 million shares sold short, which is 0.14% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards SAP. Compared to its peers, SAP has less short interest as a percentage of float, with an average of 3.22%.
August 14, 2023 | 8:00 pm
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SAP's short interest has decreased, which could indicate a more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in SAP's stock price in the short term.
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