(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 52.94% since its last report, with 2.44 million shares sold short, which is 1.3% of all regular shares available for trading. It would take traders 3.85 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.26%.
September 25, 2023 | 7:45 pm
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Arthur J. Gallagher's short interest has increased significantly, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock's price will fall. This can create a bearish sentiment around the stock. However, Arthur J. Gallagher's short interest is still less than its peer group average, which may mitigate some of the potential negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100