Looking Into Sony Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short percent of float has risen 18.18% since its last report, with 1.66 million shares sold short, which is 0.13% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards Sony's stock. However, compared to its peers, Sony has less short interest as a percentage of float, with an average of 4.63%.
September 07, 2023 | 2:15 pm
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Sony's short percent of float has risen 18.18%, indicating a bearish market sentiment. However, Sony's short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that Sony's stock price will fall. This can put downward pressure on the stock price in the short term. However, Sony's short interest is less than its peers' average, which could mean that the market sentiment towards Sony is not as bearish as it is towards its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100