Peering Into American Intl Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
American Intl Gr's (NYSE:AIG) short percent of float has risen 10.87% since its last report, with 6.59 million shares sold short, which is 1.02% of all regular shares available for trading. It would take traders 2.27 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, AIG's short interest as a percentage of float is less than its peer group average of 1.63%.
August 08, 2023 | 1:30 pm
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Increased short interest in AIG indicates a bearish sentiment among investors. However, its short interest is less than its peer group average, which could suggest relative strength.
Short interest is a measure of market sentiment. The increase in AIG's short interest suggests that investors are expecting the stock's price to fall. However, the fact that AIG's short interest is less than its peer group average could suggest that it is performing relatively better than its peers, which could mitigate some of the potential downward pressure on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100