(ORCL) - Analyzing Oracle's Short Interest
Portfolio Pulse from Benzinga Insights
Oracle Corporation (NYSE:ORCL) has experienced an 11.7% increase in short interest since its last report, with 16.68 million shares sold short, representing 1.05% of its float. The average time to cover these short positions is 2.13 days. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline. Oracle's short interest is below its peer group average of 5.03%.
November 14, 2023 | 6:15 pm
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NEUTRAL IMPACT
Oracle's short interest has increased, which may indicate bearish sentiment among investors. However, with short interest below the peer average, the impact may be muted.
The increase in short interest suggests that some investors are expecting the price of ORCL to decline. However, since the short interest is relatively low compared to its peers, and the article suggests that this does not necessarily mean a price drop is imminent, the short-term impact on ORCL's stock price is likely to be neutral.
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RELEVANCE 100