(SAP) - Analyzing SAP's Short Interest
Portfolio Pulse from Benzinga Insights
SAP's (NYSE:SAP) short interest has decreased by 3.23% since the last report, with 3.55 million shares sold short, representing 0.3% of its float. It would take about 5.47 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards SAP compared to its peers, as its short interest percentage of float is lower than the peer group average of 4.28%.
March 28, 2024 | 2:30 pm
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SAP's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest compared to its peers, SAP might see a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. Since SAP's short interest has decreased and is lower than its peer average, this suggests a more positive market sentiment towards SAP, potentially leading to a short-term increase in its stock price.
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