How Is The Market Feeling About Sysco?
Portfolio Pulse from Benzinga Insights
Sysco's (NYSE:SYY) short percent of float has fallen 14.81% since its last report, indicating a more bullish sentiment towards the stock. The company has 6.98 million shares sold short, which is 1.38% of all regular shares available for trading. Compared to its peers, Sysco has less short interest, with the peer group average at 3.75%.
October 25, 2023 | 2:00 pm
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Sysco's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a practice where traders sell shares they do not own in the hope that the price will fall. Therefore, a decrease in short interest could suggest that fewer traders are expecting the price to fall, which could potentially lead to an increase in the stock's price.
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