How Is The Market Feeling About Altria Group?
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short percent of float has fallen 5.06% since its last report, with 13.33 million shares sold short, which is 0.75% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Altria Group's short interest as a percentage of float is less than its peer group average of 2.00%.
September 12, 2023 | 7:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Altria Group's short percent of float has decreased, indicating a more bullish sentiment. Its short interest is less than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Altria Group's short interest is less than its peer group average, could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100