How Is The Market Feeling About Diageo?
Portfolio Pulse from Benzinga Insights
Diageo's (NYSE:DEO) short percent of float has fallen 11.54% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.32 million shares sold short, which is 0.23% of all regular shares available for trading. Compared to its peers, Diageo has less short interest as a percentage of float, with an average of 5.10%.
October 13, 2023 | 2:00 pm
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Decrease in short interest suggests a more bullish sentiment towards Diageo. The company's short interest is also lower than its peers, indicating a potentially positive outlook.
Short interest is a measure of market sentiment towards a stock. A decrease in short interest suggests that traders are less bearish on the stock, which could lead to upward pressure on the stock price. Diageo's short interest is also lower than its peers, suggesting it may be viewed more favorably.
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