How Is The Market Feeling About Sysco?
Portfolio Pulse from Benzinga Insights
Sysco's (NYSE:SYY) short percent of float has fallen 4.84% since its last report, with 8.92 million shares sold short, which is 1.77% of all regular shares available for trading. It would take traders 3.73 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Sysco's peer group average for short interest as a percentage of float is 4.42%, which means the company has less short interest than most of its peers.
September 05, 2023 | 3:00 pm
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Sysco's short percent of float has decreased, indicating a more bullish sentiment among investors. The company has less short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock price. Additionally, having less short interest than most of its peers could indicate that Sysco is performing better than other companies in its industry.
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