How Is The Market Feeling About Fair Isaac?
Portfolio Pulse from Benzinga Insights
Fair Isaac Corporation (NYSE:FICO) has seen a decrease in short interest, with the short percent of float dropping 8.31% since the last report. The company has 617 thousand shares sold short, representing 3.53% of available shares. The current short interest is higher than the peer group average of 2.94%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
December 15, 2023 | 8:47 pm
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Fair Isaac's short interest has decreased, which may suggest a more bullish market sentiment towards the stock. However, the short interest is still above the peer group average.
A decrease in short interest typically indicates that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, the impact is not guaranteed as the article suggests that this does not necessarily mean the stock will rise. The higher than average short interest compared to peers still indicates some level of bearish sentiment.
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