How Is The Market Feeling About Intercontinental Exchange?
Portfolio Pulse from Benzinga Insights
Intercontinental Exchange's (NYSE:ICE) short percent of float has risen 25.35% since its last report, with 4.94 million shares sold short, which is 0.89% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Intercontinental Exchange has less short interest as a percentage of float, which is 4.48% on average.
July 12, 2023 | 5:01 pm
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Intercontinental Exchange's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than the average of its peers.
The increase in short interest indicates that more investors are betting that the price of Intercontinental Exchange's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers' average could indicate that it is less likely to fall than other stocks in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100