Looking Into SAP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SAP's (NYSE:SAP) short interest has increased by 6.25% since the last report, with 1.96 million shares sold short, representing 0.17% of available shares. It would take about 1.68 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, SAP has less short interest compared to its peer group average of 3.44%. The rise in short interest does not necessarily predict a price drop.
November 21, 2023 | 3:30 pm
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SAP's short interest has risen, but remains below the peer group average. This could indicate bearish sentiment, but not necessarily a price drop.
The increase in short interest suggests that some investors are bearish on SAP. However, since the short interest is below the peer average, it does not strongly indicate a potential price decline. The short-term impact is likely neutral as the article suggests that an increase in short interest does not necessarily mean the stock price will fall.
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IMPORTANCE 50
RELEVANCE 100