How Is The Market Feeling About Aflac?
Portfolio Pulse from Benzinga Insights
Aflac's (NYSE:AFL) short percent of float has risen 3.83% since its last report, with 12.79 million shares sold short, which is 2.17% of all regular shares available for trading. It would take traders 6.57 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Aflac's peer group average for short interest as a percentage of float is 2.38%, which means the company has less short interest than most of its peers.
September 18, 2023 | 6:15 pm
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Aflac's short percent of float has increased, indicating a bearish sentiment among investors. However, compared to its peers, Aflac has less short interest.
The increase in Aflac's short percent of float indicates that more investors are betting on the stock's price to fall, which is a bearish signal. However, the fact that Aflac has less short interest than most of its peers could mean that the bearish sentiment is not as strong as it seems.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100