(AAPL) - Analyzing Apple's Short Interest
Portfolio Pulse from Benzinga Insights
Apple Inc.'s (AAPL) short interest has decreased by 3.03%, now standing at 99.24 million shares or 0.64% of its float. This decline in short interest, which now takes traders approximately 1.78 days to cover, could indicate a more bullish sentiment towards AAPL compared to its peers, where the average short interest as a percentage of float is 7.01%.
February 22, 2024 | 1:00 pm
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Apple Inc.'s short interest has decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For AAPL, a significant drop in short interest compared to its peers suggests a stronger bullish sentiment, potentially leading to a short-term positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90