Peering Into Oracle's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short percent of float has risen 3.03% since its last report, with 16.22 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 1.0 days to cover their short positions on average. Oracle's peer group average for short interest as a percentage of float is 5.23%, which means the company has less short interest than most of its peers.
October 25, 2023 | 8:00 pm
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Oracle's short percent of float has risen 3.03% since its last report, indicating increased bearish sentiment. However, it has less short interest than most of its peers.
The increase in Oracle's short percent of float indicates that more investors are betting on the stock's price to fall. However, compared to its peers, Oracle has less short interest, which could mean that the market sentiment towards Oracle is less bearish than towards its peers. This could potentially limit the downward pressure on the stock's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100