How Is The Market Feeling About Alphabet?
Portfolio Pulse from Benzinga Insights
Alphabet's (NYSE:GOOGL) short percent of float has fallen 6.02% since its last report, indicating a more bullish sentiment towards the stock. The company has 46.08 million shares sold short, which is 0.78% of all regular shares available for trading. Compared to its peers, Alphabet has less short interest as a percentage of float, with an average of 6.15%.
October 13, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alphabet's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to a positive impact on the stock's price in the short term.
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 could potentially lead to an increase in demand for the stock, pushing its price up in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100