Peering Into Salesforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Salesforce's (NYSE:CRM) short percent of float has decreased by 3.75% since its last report, with 7.28 million shares sold short, representing 0.77% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Salesforce. Compared to its peers, Salesforce has less short interest as a percentage of float, with an average of 3.31%.
September 11, 2023 | 2:00 pm
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Salesforce's short interest has decreased, potentially indicating a more bullish sentiment towards the company's stock.
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, as it indicates fewer investors are betting on the stock's price to fall. In the case of Salesforce, the decrease in short interest could potentially indicate a more bullish sentiment towards the company's stock.
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