Peering Into Oracle's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Oracle's (NYSE:ORCL) short interest has decreased by 22.86%, now standing at 12.96 million shares or 0.81% of its float. This reduction in short interest, which now takes traders approximately 1.38 days to cover, could indicate a more bullish sentiment towards ORCL compared to its peers, where the average short interest as a percentage of float is 4.47%.

April 16, 2024 | 5:30 pm
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Oracle's short interest has significantly 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 Oracle, this reduction could imply that market sentiment is shifting positively, potentially leading to an increase in stock price in the short term. The comparison with its peers, where Oracle has significantly less short interest, further strengthens the case for a bullish outlook.
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IMPORTANCE 70
RELEVANCE 90