(ORCL) - Analyzing Oracle's Short Interest
Portfolio Pulse from Benzinga Insights
Oracle Corporation's (NYSE:ORCL) short interest has decreased by 5.61% since the last report, with 16.09 million shares sold short, representing 1.01% of available shares. The average time to cover these short positions is 2.79 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Oracle has a lower short interest compared to its peer group average of 4.71%.
December 21, 2023 | 1:30 pm
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Oracle's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in 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. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise. The confidence score is not at the maximum because market sentiment can be unpredictable and influenced by numerous external factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100