Peering Into Altria Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Altria Group's (NYSE:MO) short percent of float has risen 6.49% since its last report, with 14.48 million shares sold short, which is 0.82% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Altria Group's peer group average for short interest as a percentage of float is 2.30%, which means the company has less short interest than most of its peers.
September 28, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Altria Group's short percent of float has risen, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against Altria Group, which could put downward pressure on the stock price in the short term. However, the company's lower short interest compared to its peers could provide some buffer.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100