How Is The Market Feeling About Oracle?
Portfolio Pulse from Benzinga Insights
Oracle's short interest has increased by 7.78%, with 15.55 million shares sold short, representing 0.97% of its float. This is lower than the peer group average of 4.69%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
September 02, 2024 | 7:00 pm
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Oracle's short interest has increased by 7.78%, with 15.55 million shares sold short, representing 0.97% of its float. This is lower than the peer group average of 4.69%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on Oracle's stock price. However, the short interest is still below the peer average, which may mitigate the impact. The short interest data suggests caution for investors, but it does not guarantee a price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100