(AFL) - Analyzing Aflac's Short Interest
Portfolio Pulse from Benzinga Insights
Aflac's (NYSE:AFL) short percent of float has risen 6.09% since its last report, with 12.32 million shares sold short, which is 2.09% of all regular shares available for trading. It would take traders 4.75 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Aflac's peer group average for short interest as a percentage of float is 2.38%, which means the company has less short interest than most of its peers.
August 30, 2023 | 1:30 pm
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Aflac's short percent of float has risen 6.09%, indicating a potential bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in Aflac's short percent of float suggests that investors may be expecting the stock price to fall. However, the fact that Aflac has less short interest than most of its peers could indicate that it is performing relatively well in its industry.
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IMPORTANCE 75
RELEVANCE 100