Peering Into Intuit's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intuit's (NYSE:INTU) short interest has decreased by 10.14% since the last report, with 3.39 million shares sold short, representing 1.24% of its float. The current short interest suggests a bullish sentiment compared to its peer group average of 4.47% short interest as a percentage of float. This change in short interest could influence Intuit's stock performance in the short term.
April 24, 2024 | 2:15 pm
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Intuit's short interest has decreased, indicating a potential bullish sentiment among investors. With a lower short interest than its peers, this could suggest a positive outlook for INTU's stock in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, potentially leading to an increase in its price. Given that Intuit's short interest is significantly lower than its peer group average, this could be interpreted as a stronger bullish sentiment towards INTU, possibly impacting its stock price positively in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90