Peering Into Sony Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short percent of float has decreased by 15.38% since its last report, with 1.38 million shares sold short, representing 0.11% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Sony's stock. Compared to its peers, Sony has less short interest, with an average of 4.16% for its peer group.
September 29, 2023 | 3:15 pm
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Sony's short percent of float has decreased, indicating a potentially more bullish sentiment towards the stock. Its short interest is also lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with Sony's lower short interest compared to its peers, could potentially have a positive impact on Sony's stock price in the short term.
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