Peering Into SAP's Recent Short Interest
Portfolio Pulse from Benzinga Insights
SAP's short interest has decreased by 6.67%, with 1.60 million shares sold short, representing 0.14% of its float. This is lower than its peers' average short interest of 3.29%. The decrease in short interest may indicate a more bullish sentiment towards SAP.
October 31, 2024 | 3:15 pm
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SAP's short interest has decreased by 6.67%, with 1.60 million shares sold short, representing 0.14% of its float. This is lower than its peers' average short interest of 3.29%. The decrease in short interest may indicate a more bullish sentiment towards SAP.
The decrease in short interest suggests that fewer investors are betting against SAP, which can be interpreted as a sign of increased confidence in the stock. Compared to its peers, SAP has a significantly lower short interest, which may further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100