How Is The Market Feeling About Intuit?
Portfolio Pulse from Benzinga Insights
Intuit (NYSE:INTU) has seen a 20.13% decrease in short interest since its last report, with 3.36 million shares sold short, representing 1.23% of its float. The current short interest is below the peer group average of 3.39%. While a decrease in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
November 24, 2023 | 6:00 pm
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Intuit's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a positive sentiment and potentially an uptick in the stock price in the short term. However, the impact is not guaranteed as short interest is just one of many factors that influence stock prices.
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