Peering Into Sysco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sysco's short interest has increased by 3.69%, with 11.19 million shares sold short, representing 2.25% of its float. This is below the peer group average of 4.62%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
August 30, 2024 | 1:30 pm
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NEGATIVE IMPACT
Sysco's short interest has increased by 3.69%, with 11.19 million shares sold short, representing 2.25% of its float. This is below the peer group average of 4.62%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests that investors are becoming more bearish on Sysco, which could lead to downward pressure on the stock price. However, since Sysco's short interest is still below the peer average, the impact might be limited. The short interest data is a significant indicator of market sentiment, hence the high importance score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100