How Is The Market Feeling About Walgreens Boots Alliance?
Portfolio Pulse from Benzinga Insights
Walgreens Boots Alliance's (NYSE:WBA) short percent of float has risen 17.88% since its last report, with 35.84 million shares sold short, which is 5.01% of all regular shares available for trading. It would take traders 2.18 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, WBA's short interest as a percentage of float is less than its peer group average of 8.43%.
July 21, 2023 | 2:15 pm
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The increase in short interest in Walgreens Boots Alliance could indicate a bearish sentiment among investors. However, the company's short interest as a percentage of float is less than its peer group average, which could mitigate potential negative impacts.
Short interest is a measure of market sentiment and a high short interest can indicate that investors expect the stock's price to fall. However, the fact that WBA's short interest is less than its peer group average could suggest that the bearish sentiment is not as strong as it might appear at first glance. This could potentially mitigate any negative impact on the stock's price in the short term.
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