Looking Into Accenture's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Accenture's (NYSE:ACN) short percent of float has fallen 6.09% since its last report, with 6.80 million shares sold short, which is 1.08% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Accenture. Compared to its peers, Accenture has less short interest as a percentage of float, with an average of 2.32%.
August 25, 2023 | 3:15 pm
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Accenture's decrease in short interest could indicate a more bullish market sentiment, potentially impacting the stock positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, which could lead to an increase in its price. Accenture's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
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