Peering Into Cencora's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cencora's (NYSE:COR) short percent of float has fallen 14.57% since its last report, with 4.90 million shares sold short, which is 3.05% of all regular shares available for trading. It would take traders 3.24 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 7.11%.
September 29, 2023 | 8:00 pm
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Cencora's short percent of float has decreased, indicating a potentially bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish towards a particular stock. In this case, Cencora's short percent of float has decreased, which could indicate a more positive sentiment towards the stock and potentially lead to an increase in its price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100