Looking Into Altria Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short percent of float has fallen 10.23% since its last report, with 14.01 million shares sold short, which is 0.79% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Altria Group's peer group average for short interest as a percentage of float is 2.88%, indicating the company has less short interest than most of its peers.
August 21, 2023 | 6:15 pm
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Altria Group's short interest has decreased, potentially indicating a more bullish sentiment towards the stock.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in Altria Group's stock price in the short term.
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