Peering Into Cencora's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cencora (NYSE:COR) has seen a 3.85% increase in its short percent of float, now at 5.93% of all regular shares available for trading. This is higher than its peer group average of 3.99%. It would take traders 6.62 days to cover their short positions based on current trading volume.
August 14, 2024 | 2:30 pm
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Cencora's short interest has increased by 3.85%, now at 5.93% of float, higher than its peers' average of 3.99%. This could indicate bearish sentiment but also potential for a short squeeze.
The increase in short interest suggests bearish sentiment among investors. However, the higher short interest compared to peers could also lead to a short squeeze if the stock price rises, making the short-term impact uncertain.
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