(ADBE) - Analyzing Adobe's Short Interest
Portfolio Pulse from Benzinga Insights
Adobe's (NYSE:ADBE) short percent of float has risen 5.68% since its last report, with 4.25 million shares sold short, which is 0.93% of all regular shares available for trading. Short interest can act as an indicator of market sentiment towards a stock. Adobe's peer group average for short interest as a percentage of float is 3.31%, which means the company has less short interest than most of its peers.
September 25, 2023 | 6:30 pm
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Adobe's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest than most of its peers.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Adobe's short interest is less than its peers, which could mean that the market is less bearish on Adobe compared to its peers. This could potentially limit the downside risk for Adobe's stock in the short term.
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