How Is The Market Feeling About Microsoft?
Portfolio Pulse from Benzinga Insights
Microsoft (NYSE:MSFT) has seen a 3.12% rise in short interest since the last report, with 49.28 million shares sold short, representing 0.66% of available shares. It would take about 1.75 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it's not a definitive predictor of a stock's direction. Microsoft's short interest is below its peer group average of 4.73%, suggesting less bearish sentiment compared to its peers.
December 26, 2023 | 3:15 pm
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Microsoft's short interest has increased, which may indicate bearish sentiment among traders. However, with short interest below the peer average, the sentiment is not as bearish as for other companies in the same sector.
The increase in short interest suggests that some traders expect the price of Microsoft's stock to decline. However, since the short interest is still relatively low compared to its peers and only represents a small fraction of the float, the impact on the stock price may be limited in the short term. Additionally, the article suggests that an increase in short interest does not necessarily predict a fall in stock price and can sometimes be bullish.
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