Peering Into SAP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SAP's (NYSE:SAP) short percent of float has risen 50.0% since its last report, with 2.45 million shares sold short, which is 0.21% of all regular shares available for trading. It would take traders 2.7 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. SAP's peer group average for short interest as a percentage of float is 3.34%, which means the company has less short interest than most of its peers.
September 12, 2023 | 7:00 pm
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SAP's short percent of float has risen 50.0% since its last report, indicating a potentially bearish sentiment among investors.
The increase in short interest indicates that more investors are betting that SAP's stock price will fall. This could put downward pressure on the stock price in the short term. However, it's worth noting that SAP's short interest is less than its peer group average, which could mitigate some of this pressure.
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