Peering Into Sysco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sysco Corporation (NYSE:SYY) has seen a decrease in short interest, with the short percent of float falling 11.92% since the last report. The current short interest stands at 6.60 million shares, representing 1.33% of available shares for trading. This decrease in short interest could indicate a more bullish sentiment towards SYY among investors. Compared to its peers, Sysco has a lower short interest percentage of float, with an average of 4.84% among its peers.
April 08, 2024 | 8:30 pm
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Sysco's decrease in short interest suggests a more bullish sentiment among investors, potentially indicating a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For Sysco, this reduction in short interest could lead to a positive perception among investors, potentially driving up the stock price in the short term. Additionally, Sysco's lower short interest compared to its peers further strengthens the case for potential bullish sentiment in the market.
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