Peering Into Salesforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Salesforce's (NYSE:CRM) short percent of float has fallen 15.66% since its last report, with 6.54 million shares sold short, which is 0.7% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Salesforce. Compared to its peers, Salesforce has less short interest as a percentage of float, with an average of 3.36%.
November 09, 2023 | 5:45 pm
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Salesforce's short interest has decreased, potentially indicating a more bullish market sentiment.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
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