(DEO) - Analyzing Diageo's Short Interest
Portfolio Pulse from Benzinga Insights
Diageo's (NYSE:DEO) short interest has decreased by 6.9% since the last report, with 1.52 million shares sold short, representing 0.27% of available shares. The average time to cover these short positions is 1.7 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Diageo's short interest is below its peer group average of 4.28%. Short interest levels can be a market sentiment indicator, and changes in short interest can have implications for stock performance.
December 04, 2023 | 5:30 pm
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Diageo's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price. Since Diageo's short interest is lower than its peers, this could be seen as a positive sign. However, the impact on the stock price will also depend on broader market conditions and company performance.
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