(BTI) - Analyzing British American Tobacco's Short Interest
Portfolio Pulse from Benzinga Insights
British American Tobacco's (NYSE:BTI) short percent of float has risen 15.79% since its last report, with 4.89 million shares sold short. This represents 0.22% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, BTI has less short interest as a percentage of float, with an average of 1.76%.
July 17, 2023 | 4:00 pm
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The rise in short interest in BTI indicates a bearish sentiment, which could put downward pressure on the stock. However, its lower short interest compared to peers could be a positive sign.
Short interest is a measure of market sentiment. A rise in short interest indicates that more investors are betting that the stock will fall, which can put downward pressure on the stock. However, BTI's short interest is lower than its peers, which could indicate less bearish sentiment compared to other companies in the same industry.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100