Looking Into Accenture's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Accenture (NYSE:ACN) has seen a decrease in short interest, with the current level at 6.55 million shares or 1.05% of float, down 4.55% since the last report. It would take 2.82 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock. Accenture's short interest is below its peer group average of 2.09%.
January 19, 2024 | 1:15 pm
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Accenture's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a positive short-term impact on the stock price.
The decrease in short interest for Accenture indicates that fewer traders are betting against the stock, which could reduce selling pressure and potentially lead to a rise in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate price rise.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100