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%.
October 17, 2023 | 2:00 pm
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Cencora's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
A decrease in short interest can signal that investors have become more bullish on a stock. As such, this could potentially lead to an increase in Cencora's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100