How Is The Market Feeling About Intuit?
Portfolio Pulse from Benzinga Insights
Intuit's (NYSE:INTU) short percent of float has risen 3.97% since its last report, with 3.56 million shares sold short, which is 1.31% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Intuit has less short interest as a percentage of float, which is 3.32% on average.
October 02, 2023 | 2:30 pm
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Intuit's short percent of float has increased, indicating a bearish sentiment among investors. However, compared to its peers, Intuit has less short interest.
The increase in short percent of float indicates that more investors are betting against Intuit, which could put downward pressure on the stock price in the short term. However, the fact that Intuit has less short interest compared to its peers could mitigate this effect to some extent.
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