(DEO) - Analyzing Diageo's Short Interest
Portfolio Pulse from Benzinga Insights
Diageo's (NYSE:DEO) short interest has decreased by 31.25% since the last report, with 618 thousand shares sold short, representing 0.11% of available shares. The current short interest is below the peer group average of 4.62%. Short interest is a market sentiment indicator, and the decline suggests investors may be becoming more bullish on DEO.
January 09, 2024 | 3:30 pm
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Diageo's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors, which could lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a rise in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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