(ACGL) - Analyzing Arch Capital Group's Short Interest
Portfolio Pulse from Benzinga Insights
Arch Capital Group's (NYSE:ACGL) short percent of float has risen 9.32% since its last report, with 4.11 million shares sold short, which is 1.29% of all regular shares available for trading. It would take traders 2.44 days to cover their short positions on average. The company's short interest is less than its peer group average of 2.74%.
July 26, 2023 | 2:45 pm
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Arch Capital Group's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish market sentiment towards a stock, as traders are betting on the stock's price to fall. However, Arch Capital Group's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100