How Is The Market Feeling About Adobe?
Portfolio Pulse from Benzinga Insights
Adobe's short interest has decreased by 6.76%, with 6.07 million shares sold short, representing 1.38% of its float. This is lower than the peer average of 3.24%, indicating a more bullish sentiment towards Adobe compared to its peers.
October 28, 2024 | 3:30 pm
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Adobe's short interest has decreased by 6.76%, with 6.07 million shares sold short, representing 1.38% of its float. This is lower than the peer average of 3.24%, indicating a more bullish sentiment towards Adobe compared to its peers.
The decrease in short interest suggests that investors are less bearish on Adobe, which could lead to a positive impact on its stock price. Additionally, Adobe's short interest is lower than its peers, further indicating a relatively bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100