(MO) - Analyzing Altria Group's Short Interest
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short percent of float has risen 15.79% since its last report, with 15.68 million shares sold short, which is 0.88% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Altria Group has less short interest as a percentage of float (2.98%).
August 04, 2023 | 2:09 pm
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Altria Group's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting against Altria Group, which could put downward pressure on the stock price in the short term. However, the fact that Altria has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100