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.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100