Peering Into Marsh & McLennan's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Marsh & McLennan's (NYSE:MMC) short percent of float has risen 25.0% since its last report, with 2.74 million shares sold short, which is 0.55% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Marsh & McLennan's short interest as a percentage of float is less, with an average of 3.14%.
September 08, 2023 | 8:15 pm
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Marsh & McLennan's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peers' average, which could be a positive sign.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Marsh & McLennan's short interest is less than its peers' average, which could indicate that it's performing better than its peers in the eyes of short sellers. This could potentially limit the downside risk for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100