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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100