Peering Into Sony Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short percent of float has decreased by 8.33% since its last report, with 1.29 million shares sold short, representing 0.11% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Sony. Compared to its peers, Sony has less short interest, with an average of 4.56% for its peer group.
August 17, 2023 | 5:00 pm
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Sony's short percent of float has decreased, indicating a potentially more bullish market sentiment. Compared to its peers, Sony has less short interest.
A decrease in short interest can signal that investors have become more bullish on a stock. As Sony's short interest has decreased and is less than its peer group average, this could indicate a more positive sentiment towards Sony's stock, potentially leading to an increase in its price in the short term.
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