(BN) - Analyzing Brookfield's Short Interest
Portfolio Pulse from Benzinga Insights
Brookfield's (NYSE:BN) short percent of float has risen 4.35% since its last report, with 17.74 million shares sold short, which is 1.2% of all regular shares available for trading. It would take traders 6.78 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.02%.
August 31, 2023 | 5:00 pm
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NEGATIVE IMPACT
Brookfield's short percent of float has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that traders expect the stock's price to fall. However, Brookfield's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100