Looking Into Sysco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sysco's (NYSE:SYY) short percent of float has risen 5.08% since its last report, with 9.37 million shares sold short, which is 1.86% of all regular shares available for trading. It would take traders 3.66 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sysco's peer group average for short interest as a percentage of float is 4.46%, which means the company has less short interest than most of its peers.
August 18, 2023 | 8:15 pm
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Sysco's short percent of float has increased, indicating a potentially bearish sentiment among investors. However, compared to its peers, Sysco 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, Sysco's short interest is less than most of its peers, which could potentially mitigate some of the bearish sentiment.
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