Peering Into Salesforce's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Salesforce's short interest has increased by 17.83%, with 14.13 million shares sold short, representing 1.52% of its float. This is below the peer average of 3.10%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 08, 2024 | 4:00 pm
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Salesforce's short interest has increased by 17.83%, with 14.13 million shares sold short, representing 1.52% of its float. This is below the peer average of 3.10%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since Salesforce's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment is mixed, and the short interest alone doesn't guarantee a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100