Peering Into Allstate's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Allstate's (NYSE:ALL) short percent of float has risen 42.37% since its last report, with 4.39 million shares sold short, which is 1.68% of all regular shares available for trading. It would take traders 1.78 days to cover their short positions on average. Compared to its peers, Allstate has less short interest as a percentage of float, with the average being 2.84%.
July 20, 2023 | 8:00 pm
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Allstate's short interest has increased significantly, indicating a bearish sentiment among traders. However, compared to its peers, Allstate has less short interest.
An increase in short interest indicates that more traders are betting that the stock's price will fall. This can create a bearish sentiment around the stock, potentially leading to a decrease in its price. However, Allstate's short interest is less than its peers, which could indicate less bearish sentiment compared to other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100