Peering Into Salesforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Salesforce's (NYSE:CRM) short interest has decreased by 10.75% since the last report, with 7.79 million shares sold short, representing 0.83% of its float. This decrease in short interest, which now takes traders 1.89 days to cover, could indicate a more bullish sentiment towards CRM compared to its peers, where the average short interest as a percentage of float is 4.14%.
March 15, 2024 | 2:45 pm
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Salesforce's short interest has decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Salesforce, this reduction in short interest could mean that market sentiment is shifting in a positive direction, potentially leading to an increase in its stock price in the short term. Additionally, Salesforce's short interest is significantly lower than its peer group average, further suggesting a relatively stronger bullish sentiment towards the company.
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