How Is The Market Feeling About SAP?
Portfolio Pulse from Benzinga Insights
SAP's short percent of float has fallen 15.79% since its last report, with 1.91 million shares sold short, which is 0.16% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards SAP. Compared to its peers, SAP has less short interest as a percentage of float, with an average of 3.45%.
November 02, 2023 | 7:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The decrease in short interest could indicate a more bullish sentiment towards SAP, potentially leading to a positive impact on its stock price in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals that investors have become more bullish, which could lead to an increase in the stock's price. As SAP's short interest has decreased, this could potentially lead to a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100