How Is The Market Feeling About Sony Group?
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short percent of float has fallen 15.38% since its last report, indicating a more bullish sentiment towards the stock. The company has 1.38 million shares sold short, which is 0.11% of all regular shares available for trading. Compared to its peers, Sony Group has less short interest, with the peer group average at 4.74%.
October 19, 2023 | 4:00 pm
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Decrease in short interest indicates a more bullish sentiment towards Sony Group. This could potentially lead to an increase in the stock price.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates that fewer traders are betting on the stock price to fall, which can be seen as a bullish signal. This could potentially lead to an increase in the stock price.
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