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 3.79% since its last report, with 37.24 million shares sold short, which is 5.2% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. However, compared to its peers, WBA has less short interest as a percentage of float, with the average being 7.74%.
August 08, 2023 | 6:00 pm
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The increase in short interest in Walgreens Boots Alliance indicates a bearish market sentiment, which could potentially lead to a decrease in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price. However, it's important to note that WBA's short interest is less than its peers' average, which could mitigate some of the potential negative impact.
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