(AON) - Analyzing Aon's Short Interest
Portfolio Pulse from Benzinga Insights
Aon's (NYSE:AON) short percent of float has fallen 11.11% since its last report, with 1.60 million shares sold short, which is 0.8% of all regular shares available for trading. It would take traders 2.46 days to cover their short positions on average. Aon's peer group average for short interest as a percentage of float is 3.29%, indicating that the company has less short interest than most of its peers.
September 15, 2023 | 4:30 pm
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A decrease in short interest could indicate a more bullish sentiment towards Aon's stock. However, it does not necessarily mean that the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest could mean that investors are less bearish about the stock, which could potentially lead to an increase in the stock price. However, other factors also influence stock prices, so a decrease in short interest does not guarantee a rise in the stock price.
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