Looking Into Accenture's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Accenture's short interest has decreased by 9.4%, with 6.61 million shares sold short, representing 1.06% of its float. This is lower than its peers' average short interest of 4.21%. The decrease in short interest may indicate a more bullish sentiment towards Accenture.
September 04, 2024 | 4:15 pm
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Accenture's short interest has decreased by 9.4%, with 6.61 million shares sold short, representing 1.06% of its float. This is lower than its peers' average short interest of 4.21%. The decrease in short interest may indicate a more bullish sentiment towards Accenture.
The decrease in short interest suggests that investors are less bearish on Accenture compared to its peers, which could lead to a positive short-term impact on its stock price. The lower short interest relative to peers indicates a more favorable market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100