Google Inc. (NASDAQ: GOOG) – (GOOG) – Alphabet Inc Analysis – Short Interest in Class C Capital Shares
Alphabet Inc – Class C Share Capital (NASDAQ: GOOG) The short float percentage has fallen 17.81% since its last report. The company recently reported that it had 1.66 million shares sold short, which represents 0.6% of all common shares available for trading. Based on its trading volume, it would take 1.4 days for traders to cover their short positions on average.
Why short-term interest matters
Short interest is the number of stocks that have been sold short but have not yet been hedged or liquidated. Short selling is when a trader sells shares of a company that he does not own, in the hope that the price will drop. Traders make money by selling short if the stock price goes down and they lose if it goes up.
Short interest is important to watch as it can serve as an indicator of market sentiment towards a particular stock. An increase in short-term interest may signal that investors have turned more bearish, while a decrease in short-term interest may signal that they have become more bullish.
Alphabet Inc – Short Term Interest Chart on Class C Capital Shares (3 Months)
As you can see from the chart above, the percentage of stocks sold short for Alphabet Inc – Class C Capital Stock has declined since its last report. This does not mean that the stock will rise in the short term, but traders should be aware that fewer stocks are sold short.
Comparison of Alphabet Inc – Class C Capital Stock’s Short Interest Against Its Peers
Peer comparison is a popular technique among analysts and investors for evaluating a company’s performance. A firm’s peer is another firm that has similar characteristics, such as industry, size, age, and financial structure. You can find a company’s peer group by reading its 10-K proxy filing or by performing your own likeness analysis.
According to Benzinga Pro, the peer group average of Alphabet Inc – Class C Capital Stock for short-term interest as a percentage of free float is 4.79%, which means the company has less little interest than most of his peers.
Did you know that increasing short-term interest can actually be bullish for an action? This Benzinga Money article explains how you can profit from it..
This article was generated by Benzinga’s automated content engine and has been edited by an editor.