How Is The Market Feeling About Oracle?
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short percent of float has fallen 12.5% since its last report, indicating a more bullish sentiment towards the stock. The company has 13.16 million shares sold short, which is 0.84% of all regular shares available for trading. Compared to its peers, Oracle has less short interest as a percentage of float, with an average of 5.15%.
August 25, 2023 | 2:30 pm
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Oracle's decreased short percent of float suggests a more bullish sentiment, which could potentially lead to a rise in stock price.
A decrease in short interest often indicates a more bullish sentiment towards a stock. As such, Oracle's 12.5% decrease in short percent of float could potentially lead to a rise in its stock price. Furthermore, Oracle's short interest as a percentage of float is lower than its peers' average, suggesting that the market sentiment towards Oracle is more positive compared to its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100