Looking Into Intuit's Recent Short Interest
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 act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Intuit has less short interest as a percentage of float, which is 3.32%.
October 18, 2023 | 2:00 pm
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Intuit's short interest has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
An increase in short interest can indicate a bearish sentiment towards the stock, which could potentially lead to a decrease in the stock's price. However, Intuit's short interest is less than its peers, which could mean that the market sentiment towards Intuit is less bearish compared to its peers.
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IMPORTANCE 70
RELEVANCE 100