Looking Into Sysco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sysco's (NYSE:SYY) short percent of float has fallen 8.47% since its last report, with 8.16 million shares sold short, which is 1.62% of all regular shares available for trading. It would take traders 3.3 days to cover their short positions on average. Sysco's peer group average for short interest as a percentage of float is 4.24%, indicating that the company has less short interest than most of its peers.
September 21, 2023 | 4:30 pm
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Sysco's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock. As Sysco's short interest has decreased, this could indicate a more bullish sentiment towards the stock, potentially leading to an increase in its price.
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