Peering Into Cencora's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cencora (NYSE:COR) has seen an 8.1% increase in its short percent of float since the last report, with 7.86 million shares sold short, representing 4.94% of available shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. Cencora's short interest is higher than its peer group average of 4.21%, suggesting more bearish sentiment compared to its peers.
February 01, 2024 | 1:00 pm
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Cencora's increased short interest suggests a bearish market sentiment, potentially impacting its stock price negatively in the short term.
An increase in short interest often indicates that investors are expecting the stock price to fall, which can lead to a negative impact on the stock price in the short term. However, this does not guarantee a price drop, as market dynamics are complex and influenced by various factors.
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IMPORTANCE 75
RELEVANCE 100