(COR) - Analyzing Cencora's Short Interest
Portfolio Pulse from Benzinga Insights
Cencora (NYSE:COR) has seen a 7.85% increase in its short percent of float, now at 6.46% with 9.40 million shares sold short. This is higher than its peer group average of 3.90%. It would take traders 6.73 days to cover their short positions.
July 03, 2024 | 5:00 pm
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Cencora's short interest has increased by 7.85%, now at 6.46% of float with 9.40 million shares sold short. This is higher than its peer group average of 3.90%.
The significant increase in short interest suggests that market sentiment towards Cencora is bearish. This could lead to downward pressure on the stock price in the short term as more investors are betting against it.
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IMPORTANCE 80
RELEVANCE 100