Looking Into Sony Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short interest has decreased by 9.09% since the last report, with 1.17 million shares sold short, representing 0.1% of available shares. The average time to cover these short positions is 1.99 days. Short interest is a market sentiment indicator, and Sony's short interest is lower than its peer group average of 4.48%.
November 20, 2023 | 7:45 pm
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Sony Group's short interest has decreased, indicating potentially less bearish sentiment among investors compared to its peers.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a positive short-term impact on Sony Group's share price. However, short interest alone is not a definitive predictor of stock price movements, and other market factors could influence the price.
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