Looking Into Equifax's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Equifax's (NYSE:EFX) short percent of float has risen 6.2% since its last report, with 4.26 million shares sold short, representing 3.94% of all regular shares available for trading. It would take traders 5.2 days to cover their short positions on average. Equifax's peer group average for short interest as a percentage of float is 2.92%.
May 18, 2023 | 3:15 pm
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Equifax's short interest has increased by 6.2% since its last report, with 4.26 million shares sold short, representing 3.94% of all regular shares available for trading. The company's short interest is higher than its peer group average of 2.92%.
The increase in short interest indicates that more traders are betting on the stock's price to fall. However, this does not necessarily mean that the stock will fall in the short term. The higher short interest compared to its peers could also indicate that the market sentiment towards Equifax is more bearish than its peers. However, the short-term impact on the stock price is uncertain, as short interest is just one of many factors that can influence stock prices.
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