Looking Into Sony Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sony Group's (NYSE:SONY) short interest has decreased by 7.69% since the last report, with 1.51 million shares sold short, representing 0.12% of available shares. The average time to cover these short positions is 2.28 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Sony's short interest is below its peer group average of 2.65%.
January 22, 2024 | 1:30 pm
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Sony Group's short interest has decreased, which may indicate a more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in its price in the short term. However, short interest is just one of many indicators, and other market factors could also affect the stock price.
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