Looking Into Sysco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sysco's (NYSE:SYY) short interest has risen by 17.33%, with 8.74 million shares sold short, representing 1.76% of its float. This increase in short interest could indicate bearish sentiment, although it is lower than the peer group average of 4.45%.
June 18, 2024 | 1:30 pm
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Sysco's short interest has increased by 17.33%, now at 1.76% of its float. This could indicate bearish sentiment, but it's still below the peer average of 4.45%.
The increase in short interest suggests that more investors are betting against Sysco, which could lead to downward pressure on the stock price. However, the short interest is still lower than the peer average, which might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100