Peering Into Oracle's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short percent of float has risen 17.86% since its last report, with 15.45 million shares sold short, which is 0.99% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Oracle's short interest as a percentage of float is less than its peer group average of 5.26%.
September 21, 2023 | 6:45 pm
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Oracle's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Oracle's short interest as a percentage of float is less than its peer group average, which could mean that the market sentiment towards Oracle is not as bearish as it is towards its peers.
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IMPORTANCE 75
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