(SAP) - Analyzing SAP's Short Interest
Portfolio Pulse from Benzinga Insights
SAP SE (NYSE:SAP) has seen a decrease in short interest, with the current level at 2.51 million shares, representing 0.21% of available shares for trading. The short interest has fallen 8.7% since the last report, and it would take about 3.6 days for traders to cover their short positions based on average trading volume. This decline in short interest may indicate a more bullish sentiment among investors, although it does not necessarily predict a near-term rise in stock price. SAP's short interest is below its peer group average of 3.08%.
December 13, 2023 | 8:15 pm
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SAP SE's short interest has decreased, which may suggest a more bullish sentiment from investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a positive sentiment and potentially an increase in the stock price in the short term. However, the impact on the stock price is not certain and depends on broader market conditions and company performance.
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