The short float percentage for Oracle (ORCL) has increased by 27.37% since its last report, with 19.38 million shares sold short, constituting 1.21% of all regular shares available for trading. This indicates that it would take traders approximately 1.45 days to cover their short positions. Short interest, the number of shares sold short but not covered, is essential to track as it reflects market sentiment towards a particular stock. An increase in short positions may signify pessimism among investors, while a decrease may indicate optimism.
The chart above illustrates the rise in Oracle’s short interest percentage over the past three months. While this doesn’t guarantee an imminent decline in stock price, traders should take note of the increasing number of shares being shorted. In comparison to its peers, Oracle has a lower short interest percentage of 5.25%, suggesting less pessimism surrounding the company.
Peer comparison is a valuable tool for analysts and investors to assess a company’s performance. By evaluating companies with similar characteristics such as industry, size, age, and financial structure, investors can gain insight into their own investments. Benzinga Pro highlights the importance of understanding a company’s peer group to make informed decisions.
Interestingly, rising short-term interest can actually be bullish for a stock, as described in a Benzinga Money post. By leveraging this information, traders can potentially profit from increasing short interest. It’s essential to note that this article was generated by Benzinga’s automated content engine and reviewed by an editor. Market news and data provided by Benzinga APIs, with all rights reserved to Benzinga.com, which does not offer investment advice.
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https://www.benzinga.com/insights/short-sellers/24/07/39575282/how-is-the-market-feeling-about-oracle