(ACN) - Analyzing Accenture's Short Interest
Portfolio Pulse from Benzinga Insights
Accenture's (NYSE:ACN) short interest has risen by 14.91%, with 8.21 million shares sold short, representing 1.31% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Accenture's short interest is still lower than its peer group average of 4.07%.
June 12, 2024 | 4:00 pm
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Accenture's short interest has increased by 14.91%, now at 1.31% of its float. This could indicate bearish sentiment, but it's still below the peer average of 4.07%.
The increase in short interest suggests that more investors are betting against Accenture, which could be seen as a bearish signal. However, the short interest is still lower than the peer average, which might mitigate the negative impact.
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IMPORTANCE 70
RELEVANCE 100