(COR) - Analyzing Cencora's Short Interest
Portfolio Pulse from Benzinga Insights
Cencora (NYSE:COR) has seen a 39.25% increase in short interest since its last report, with 8.25 million shares sold short, representing 5.18% of its float. The short interest is higher than the peer group average of 4.74%. While high short interest can indicate bearish sentiment, it can also be a bullish sign as explained by Benzinga Money.

December 05, 2023 | 4:00 pm
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Cencora's significant rise in short interest may indicate bearish market sentiment, but it could also lead to a potential short squeeze if the stock price starts to rise.
The increase in short interest for Cencora suggests that investors may be expecting the stock price to decline. However, if the stock price were to increase instead, the high short interest could lead to a short squeeze, pushing the price up as short sellers rush to cover their positions. The impact is scored as neutral (0) because the article indicates that high short interest does not necessarily predict a price fall and can be bullish, creating uncertainty about the short-term price direction.
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IMPORTANCE 75
RELEVANCE 100