How Is The Market Feeling About Oracle?
Portfolio Pulse from Benzinga Insights
Oracle's short interest has increased by 6.42%, with 18.78 million shares sold short, representing 1.16% of its float. This is lower than the peer group average of 5.13%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 09, 2024 | 7:00 pm
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Oracle's short interest has increased by 6.42%, with 18.78 million shares sold short, representing 1.16% of its float. This is lower than the peer group average of 5.13%. 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 Oracle's short interest is still below the peer average, the impact on the stock price may be neutral in the short term.
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