Looking Into British American Tobacco's Recent Short Interest
Portfolio Pulse from Benzinga Insights
British American Tobacco's (NYSE:BTI) short percent of float has fallen 5.56% since its last report, with 3.69 million shares sold short, which is 0.17% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, BTI has less short interest as a percentage of float, with an average of 1.85%.
September 04, 2023 | 7:15 pm
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The decrease in short interest in British American Tobacco could indicate a more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, this does not necessarily translate into a rise in stock price. It's also worth noting that BTI's short interest is lower than its peer average, which could be seen as a positive sign.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100