How Is The Market Feeling About Equifax?
Portfolio Pulse from Benzinga Insights
Equifax's (NYSE:EFX) short percent of float has risen 3.82% since its last report, with 5.00 million shares sold short, which is 4.62% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Equifax's peer group average for short interest as a percentage of float is 4.23%, which means the company has more short interest than most of its peers.
July 24, 2023 | 3:01 pm
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Equifax's short percent of float has risen 3.82%, indicating a bearish market sentiment. The company has more short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of Equifax's stock to fall. This bearish sentiment, coupled with the fact that Equifax has more short interest than most of its peers, could potentially put downward pressure on the stock price in the short term.
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