How the market feels about Alphabet Inc

© Reuters. What does the market think of Alphabet Inc – Class C Share Capital?

Alphabet (NASDAQ:) Inc – Class C Capital Stock’s (:GOOG) short float percentage has fallen 7.27% since its last report. The company recently announced that it had 1.41 million shares sold short, or 0.51% of all common shares available for trading. Based on its trading volume, it would take traders an average of 1.2 days to cover their short positions.

Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or liquidated. Short selling is when a trader sells shares of a company they don’t own, hoping the price will go down. Traders make money from short selling if the stock price goes down and they lose if it goes up.

Short-term interest is important to track as it can act as an indicator of market sentiment towards a particular security. An increase in short interest may signal that investors have become more bearish, while a decrease in short interest may signal that they have become more bullish.

See also: List of best-selling stocks

Alphabet Inc – Class C Capital Share Short-Term Interest Chart (3 Months)

As you can see from the graph above, the percentage of shares sold short for Alphabet Inc – Class C Share Capital has decreased 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 being sold short.

Alphabet Inc’s Short Interest Comparison – Class C Capital Stock With Its Peers Peer comparison is a popular technique among analysts and investors to assess a company’s performance. A company’s peer is another company 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 similarity analysis.

According to Benzinga Pro, Alphabet Inc – Class C Capital Stock‘s peer group average for short interest as a percentage of free float is 5.80%, which means the company has less short interest than most. peers.

Did you know that rising short-term interest can actually be bullish for a stock? This Benzinga Money article explains how you can profit from it.

This article was generated by Benzinga’s automated content engine and has been reviewed by an editor.

© 2022 Benzinga does not provide investment advice. All rights reserved.

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Sallie R. Loera