(AJG) - Analyzing Arthur J. Gallagher's Short Interest
Portfolio Pulse from Benzinga Insights
Arthur J. Gallagher's (NYSE:AJG) short percent of float has risen 11.84% since its last report, with 1.59 million shares sold short, which is 0.85% of all regular shares available for trading. It would take traders 2.49 days to cover their short positions on average. The company's peer group average for short interest as a percentage of float is 3.12%, indicating less short interest than most of its peers.
September 06, 2023 | 6:45 pm
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Arthur J. Gallagher's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The increase in short interest indicates that traders are expecting the price of AJG to fall. However, the fact that AJG has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it is for other companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100